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largest producers to restrict operating rates, but Itafos has avoided that fate through longstanding supplier relationships. The company sources most of its sulfuric acid from Rio Tinto, for instance, under a contract that has been in effect in various forms for about 30 years.
“ In May [ 2026 ], we adjusted our supply contract with Rio Tinto to insulate us from the extreme pricing that has impacted the industry, and in return, we granted price protection on the downside,” David explains.“ The revised terms have been instrumental in allowing us to keep Conda running at full rates, which has helped our operating margins and enabled us to continue to supply fertilizer to American farmers.”
With changing market conditions characterizing the first half of 2026, Itafos is looking forward to maintaining its industryleading operating rates at Conda for the rest of the year.“ I am excited about where the company is positioned and how we can make a positive impact on the industry around the
globe,” David shares.“ Over the next five years, I anticipate that Conda will still be operating at full capacity and that we’ ll be well on the way to securing the permit for our next mine. Idaho has a tremendous phosphate resource base, and we think there are ample reserves to keep us operating throughout the remainder of the century.
“ I see Arraias producing single superphosphate for the important Brazilian market in the near future and continuing to add value to local farmers by delivering products that meet their unique needs. I believe that Farim has the potential to grow significantly over the next three to five years. The reserves there are world class, and their development can help alleviate longterm global supply concerns while helping to grow the economy and infrastructure of Guinea-Bissau.” ■
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