Guangzhou China April 14, 2011 - On 22 February 2011, Chinese President Hu Jintao and Kazak President Nursultan Nazarbayev witnessed the signing ceremony of a strategic cooperation framework agreement between Sinochem Group and Kazakhstan Phosphor Industry Company in Great Hall of the People. Based on the energy cooperation, China and Kazakhstan have built strategic cooperation. China attaches great importance to tie with Kazakhstan, and it is an unswerving policy of China to develop China-Kazakhstan strategic partnership of long-term stability, good-neighborly friendship and win-win cooperation.
Yellow phosphorus, the second largest consumer of phosphorus ore, an irreplaceable and non-renewable resource and closely related to people's life, constitutes about 15% of phosphorus ore consumption in China. Kazakhstan, a transcontinental country located in Central Asia and Eastern Europe, is abundant in phosphorus resources.
Recently, CCM has released a report, Production of Yellow Phosphorus in Kazakhstan in 2010. The report first introduces the overall information of phosphorus ore in Kazakhstan including reserves and exploitation, international trade and policies. The focuses are put on the analysis of supply and production of yellow phosphorus to make a forecast on supply and supply-demand balance to the next 5 years.
It is reported that Kazakhstan is the largest producer of phosphorite ore in the Former Soviet Union. The Karatau phosphorite basin boasts 45 deposits with proved reserves in 726.7 million tonnes of phosporite ore and the estimated reserves is 1.6 billion tonnes. Most of the deposits have producing horizon in 45 – 60 meters with total capacity of phosphorite layers in 30-35 meters.
China has stable and long-term cooperation with Kazakhstan. How will this cooperation influence the development of this industry? What is the future of the trend? For more detailed and latest market information, please refer to CCM's report.
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