Potash – the gold for the harvest

The focus is not only on the energy transition or sustainable economic development, but also on improving living standards. No wonder that the heavyweight in mining, BHP, also wants to get involved in the potash sector. BHP is investing billions in the development of the potash mine in Saskatchewan. Production is scheduled to start in 2026. Around 67 million tons of potash were produced worldwide in 2022. In each of the five previous years, it was more than 70 million tons. The decline is due to the restrictions on Russian exports and the sanctions against Belarus. According to estimates, Belarusian potash exports fell by around 70 percent last year.

As a result, some potash producers are planning to increase their production. Potash has a positive effect on plant quality and disease resistance. And potash must be added to the soil because it cannot be replaced. As BHP also points out, potash also plays a role in a climate-conscious world. The extent of arable land will probably decrease, so that the best possible use must be made of the arable land. For BHP, potash is just as promising for the future as copper or nickel for electrification.

One promising potash company, for example, is Millennial Potash – https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ – in Gabon in Africa, which is attractive for mining companies. This is because there is support from the government as well as good infrastructure. When it comes to climate change and electrification, lithium for lithium-ion batteries is of course the raw material of interest to investors.

In the lithium sector, Century Lithium – https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ – is worthy of note in the USA. The company’s Clayton Valley lithium project is already in the test phase.

Current company information and press releases from Century Lithium (- https://www.resource-capital.ch/en/companies/century-lithium-corp/ -) and Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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