Phosphates: The Bedrock of Morocco's Mining Sector
- The Trade Adviser
- Mar 21
- 1 min read
Updated: Jun 14
Morocco's phosphate industry is a vital part of its economy, playing a major role in agriculture and global fertilizer markets. With over half of the world's known phosphate reserves, the country stands as a key player in the global market. This article explores the various aspects of the phosphate industry in Morocco, including its economic impact, the role of the OCP Group, and the challenges it faces moving forward.
Key Takeaways
Morocco holds more than 75% of the world's phosphate reserves, making it the top global supplier.
The phosphate industry significantly contributes to Morocco's GDP, accounting for about 10% and 30% of total exports.
The OCP Group dominates the phosphate market, leading in production and innovation.
Environmental issues and market fluctuations pose challenges to the phosphate sector.
Future investments aim to diversify mining activities beyond phosphates to include other minerals.
