Itafos and Rio Tinto Amend Sulfuric Acid Contract to Further Support American Farming
The amended supply deal shifts pricing to the Tampa Index and keeps Itafos buying sulfuric acid from Rio Tinto through 2029.
- On Thursday, Itafos Inc. amended its Sulfuric Acid Supply Agreement with Rio Tinto, shifting the pricing reference from Vancouver Index to Tampa Index through December 31, 2029, for its Conda, Idaho phosphate operations.
- Rio Tinto has supplied approximately 60% of Conda's sulfuric acid for over three decades, prompting the parties to adjust pricing after significant sulfur price volatility over the past four years.
- The amended contract includes provisions for incremental supply flexibility, said Rio Tinto Kennecott Managing Director Nate Foster, reflecting the parties' "shared commitment to reliable supply for the U.S. agriculture sector."
- Chief Executive Officer David Delaney stated the amended terms maintain supply of vital input while decreasing exposure to commodity price volatility, with Itafos continuing purchases from Kennecott's Utah mine.
- Beyond December 31, 2029, Itafos expects to continue purchasing sulfuric acid from Rio Tinto at similar volumes, with adjusted pricing designed to create long-term value for U.S. farming and mining industries.
12 Articles
12 Articles
The Toronto Star
Itafos and Rio Tinto Amend Sulfuric Acid Contract to Further Support American Farming
HOUSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (the “Company” or “Itafos”) is pleased to announce that today it has entered into an amendment to its sulfuric acid supply contract (the “Sulfuric Acid Supply Agreement”)…
Itafos and Rio Tinto Amend Sulfuric Acid Contract to Further Support American Farming - ITAFOS INC by ITA
HOUSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Itafos Inc. (TSXV:IFOS) (OTCQX:ITFS) (the "Company" or "Itafos") is pleased to announce that today it has entered into an amendment to its sulfuric acid supply contract (the "Sulfuric Acid Supply Agreement") with Rio Tinto, continuing its long-term relationship with its U.S. copper producer Kennecott, a key supplier of a primary raw material required to produce its phosphate products manufactured at the …
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