According to Al Rai newspaper, World Bank data shows that international phosphate prices in February rose 14.2% from the end of 2016, reaching USD 360/ton.
According to Jordan's Department of Statistics, Jordan's phosphate exports in 2016 totaled 372 million dinars, up 20.4% year-on-year. Jordan Phosphate Mines Company produces over 7 million tons of phosphate annually, making it the world's second-largest phosphate exporter and sixth-largest phosphate producer. The company owns 4 phosphate mines located in central and southern Jordan. Brunei Investment Authority holds 37% of the company's shares, Kuwait Holdings 9%, and the Jordan Government Pension Fund 16%.

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