Platinum Account Group Focuses Attention to Phosphate Mining in North America

http://www.sbwire.com/press-releases/sbwire-128848.htm

Toronto, ON — (SBWIRE) — 02/27/2012 — China and Morocco are still the largest producer of phosphate around the globe but despite of this, Platinum Account Group sees North American producers have continued contributing to the world supplies. North America plays an important role in phosphate and fertilizer markets and the US has a robust history of phosphate production and refinement.

American projects have been able to supply most of US based demand from locally-sourced, sedimentary-type phosphate as the third highest level of phosphor fertilizer consumption in the world. These phosphates are basically converted into diammonium and monommonium phosphates (DAP and MAP).

Florida, North Carolina, Idaho, and Tennessee are where the largest US reserves and production occur. Currently, the US continues to hold its robust position with phosphate production, and likely into the long term although phosphate producers are facing depressed fertilizer consumption in the first part of 2012.

Canada plays a much more limited role in North American, and global phosphate extraction and production but Platinum Account Group agrees with other players that Canada is still a bankable phosphate mining destination.

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