Casablanca – Morocco’s mining industry closed 2025 with strong momentum, combining improved international rankings, higher production levels, and record export revenues. The year marked a significant step in consolidating the country’s position as a leading global supplier of mineral resources, particularly phosphates and their derivatives.

Improved global attractiveness

In 2025, Morocco climbed to 15th place worldwide in terms of mining investment attractiveness, according to the annual survey conducted by the Fraser Institute. The ranking, based on feedback from 256 mining executives assessing 68 jurisdictions, highlighted improvements in both mineral potential and policy perception.

Morocco’s Investment Attractiveness Index gained 4.27 points compared to the previous year, allowing the country to move up from 18th place in 2024 to 15th in 2025. The mineral potential score also improved, lifting Morocco from 11th to 9th position globally. Meanwhile, its Policy Perception Index rose by 6.59 points, placing the Kingdom 25th worldwide.

These improvements reflect growing confidence among international investors in Morocco’s geological potential, regulatory framework, and long-term mining strategy. The results were published ahead of the annual Prospectors & Developers Association of Canada convention in Toronto, a major global event for the mining industry.

Strong production performance

At the operational level, 2025 was characterized by sustained growth across key segments of the extractive industry. According to economic data released by the Directorate of Studies and Financial Forecasts (DEPF), raw phosphate production increased by 7.5% over the year. This rise underscores the capacity of Moroccan mining operations to respond to solid global demand while maintaining steady output levels.

Downstream activities also recorded positive results. Production of phosphate derivatives — including phosphoric acid and fertilizers — grew by 5.2%. Although this figure appears moderate, it follows an exceptional year in which output had surged by more than 20%. Maintaining growth on such a high base suggests that Morocco’s transformation industry has entered a phase of structural stability rather than cyclical expansion.

The phosphate sector remains central to Morocco’s industrial fabric. The country is home to the OCP Group, one of the world’s largest producers and exporters of phosphate-based products. OCP’s integrated model — from extraction to processing and export — continues to play a decisive role in driving sector performance.

Record export revenues

The most striking figures of 2025 were recorded in foreign trade. The value of phosphate and derivative exports reached approximately $10.29 billion in 2025, representing a 14.6% increase compared to 2024 and accelerating from the 13.5% growth registered the previous year.

Export growth was supported by both raw materials and higher value-added products. Shipments of phosphate derivatives rose by 14.3%, slightly above the increase recorded a year earlier. This confirms Morocco’s continued progress in shifting toward greater local processing, thereby capturing more value within the country before export.

At the same time, exports of raw phosphate expanded by 17.3%, a notable acceleration compared to the 10.6% growth previously observed. This dual expansion — in both unprocessed and processed segments — provides Morocco with commercial flexibility. It allows the country to adapt to shifting international demand patterns while maintaining competitiveness across the full value chain.

Broader sector resilience

Although phosphates dominate the sector, other mining activities also contributed to performance. Exports from non-phosphate mineral segments increased by 1.3% in value terms. While modest compared to the phosphate boom, this growth signals resilience across the wider extractive industry.

Morocco’s mining landscape includes metals such as silver, zinc, lead, and cobalt, as well as industrial minerals. Continued investment in exploration and infrastructure has helped maintain output stability in these areas, even as global commodity markets remain volatile.

A consolidation year

2025 stands out as a consolidation year for Morocco’s mining sector. The country not only improved its international standing but also strengthened its operational and commercial foundations. With export revenues surpassing $10 billion and stronger investor confidence, Morocco has further anchored itself as a key global mining player and a central actor in the international fertilizer market.