With the environmental assessment approval already complete, the Tugaske Project is ready to proceed to construction upon securing project financing. We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts. The company completed a definitive feasibility study for its Muga project in 2015, received an environmental permit in mid-2019 and now expects to receive a mining concession by the end of 2020. In the summer of 1790, President George Washington signed the first patent ever issued in the United States, which was to be used for a new process and apparatus for making potash, America’s first industrial chemical. Post-harvest application buying had not emerged, so there was no extra pull on volumes. Belarusian Potash Co (BPC) confirmed industrial action in late August by workers at production partner Belaruskali had forced adjustments to its August potash sales plan. HIGHFIELD RESOURCES is an Australian business that is developing five projects that cover 550 square kilometers in Northern Spain’s Ebro potash-producing basin, giving it the potential to find a lucrative source for the European market. In 2021, this is expected to be particularly the case for urea. Q3 supply was constant as market activity moved into a quieter period with fewer buyers participating as values held stable. From US$11,055 per tonne on March 23 to a year-to-date high of US$17,650 on December 14, nickel prices experienced a sharp rebound in 2020. A definitive feasibility study for Lake Wells completed last year identified a mine life of 30 years that could potentially extend to over 50 years. Demand from plantations was lacklustre because of low palm oil prices, political unrest and cashflow concerns. CMSC is a 50/50 joint venture between Danakali and Eritrean National Mining Company. Access to … RABAT, Nov 9 (Reuters) - London-listed mining company Emmerson Plc expects to start building its $400 million Moroccan potash plant in late 2021 and start production by the end of 2023, Chief Executive Graham Clarke said. If approved next year, Jansen won't be selling potash until 2026, and won't produce at its full capacity of 4.5 million tonnes until 2028. Mackay holds the largest-known brine-hosted SOP resource in the world with a maiden ore reserve of 20 million tones (Mt) of SOP. Potash prices remain subdued due to oversupply. US supply availability is expected to remain constant in Q4. Located in the Canadian province of Saskatchewan, this project will be developed on Gensource’s wholly-owned Vanguard Area. Palladium – which priced around $2,070 an ounce on Tuesday – will average $2,050 this year and $2,138 in 2021, according to the median result from a poll of 32 analysts and traders. The capital cost to get Jansen into production is estimated to be between US$5.3-5.7 billion. In 2021, Fitch says prices will be supported by the broader and deeper global economic recovery as covid-19 vaccines are made available. The plant site will be constructed on land that has no environmental sensitivities or concerns. For this to occur, global shipments will have to rebound sharply in the new year, new production will have to start up later and potash producers will need to throttle back output. Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings. On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.38/lb.N and UAN32 $0.40/lb.N. ISRAEL CHEMICALS, also known as ICL, is an Israeli company dual-listed in Tel Aviv and New York. Positive Estimate Revision Activity: The Zacks Consensus Estimate for fiscal 2021 have moved north by 13% over the past 60 days. A definitive feasibility study for the project released in mid-2020 shows a post-tax net present value (NPV) of US$655 million at an 8% discount, and an internal rate of return of 21%. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. With a JORC-compliant resource estimate of 1.289 billion tones at 11% K2O for contained SOP of 260 Mt, and a JORC-compliant ore reserve estimate of 1,100 Mt at 10.5% K2O for 203 Mt of contained SOP equivalent, the company believes Colluli is a world-class project. Sal de Vida is estimated to hold combined proven and probable reserves of 1.1 Mt of retrievable lithium carbonate equivalent and 4.2 Mt of potash. GALAXY RESOURCES operates the Sal de Vida project in Argentina, though it may be known mainly for its lithium production, mining and chemicals. Continued disruption in the CPO futures market has made purchasing fresh MOP volumes less of a priority for many buyers. Since 2010, BHP has been investing in the Jansen potash project in Saskatchewan, and has been slowly developing the site. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. Exports of (bop) - Potash in Canada averaged 255.80 CAD Million from 1988 until 2020, reaching an all time high of 810.50 CAD Million in November of 2008 and a record low of 54.50 CAD Million in July of 1993. MOP fertilizer supply was mixed in Q3, on a combination of anti-coronavirus measures and political turmoil in key producer Belarus. In mid-2020, the Western Australia-based company said that engineering and design work was progressing, with production at Sal de Vida slated for 2022. Global fertilizer demand has remained strong in … Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. BHP is a well-known Australian-American-owned global mining giant with assets in oil and gas, and an array of minerals, including potash. ... North York Moors potash mine ready by 2021, company says. Breaking news of latest developments affecting the markets. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. This too is used in fertilizer, giving the company a potential edge in the market. ICL has gradually expanded into a global business since helping to establish its home country’s potash industry 80 years ago. Strong project economics include a NPV of AU$665 million at an 8% discount. This is a change of 0.00% from last month and -23.73% from one year ago. Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia. ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. A fall in CPO prices has been behind the weak demand, as plantation owners look to retain staff over fresh purchases of MOP imports. Potash availability should remain steady in Q4, as distributors and farmers alike return from harvest activities to restock. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. Demand growth in 2021 will drive the world potash market into a production deficit of 500,000 tonnes in 2021, up from a 90,000-tonne shortfall this year, Mosaic said, in data which factored in production growth at producers such as Chile’s SQM and Russia’s Eurochem, besides a … Southeast Asian potash inventories are likely to remain limited in Q4. Exports of (bop) - Potash in Canada decreased to 442.60 CAD Million in October from 531.70 CAD Million in September of 2020. The Denver, Colorado-based company owns and runs three mines: Wendover and Moab in Utah, and Calrsbad in New Mexico. AGRIMIN, a Western Australian-based minerals company, owns the large-scale Mackay sulfate of potash (SOP) project, which is located on a Western Australian salt lake and covers 2,560 square kilometers. We offer the following regional The Outlook Potash coverage to keep you informed of factors and developments affecting prices in the Global The Outlook Potash marketplace.. Price Reporting – More information about the price reports we publish on The Outlook Potash Independent price assessments and market coverage Potassium Chloride (Muriate of Potash) Spot Price is at a current level of 202.50, unchanged from 202.50 last month and down from 265.50 one year ago. ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including The Outlook Potash. As usual, harvest activity restricted demand in mid-Q3, but by the end of the quarter buyers were back and looking to refill inventories. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets. ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. If the fertilizer story does not materialize and prices decline 10% from here, Mosaic would end up with a 2021 EBITDA of around $1.1 billion, resulting in a Target Price of $18. The COVID-19 pandemic is applying further pressure, but major players, including ASX-, TSX- and TSXV-listed potash stocks, remain confident in the long-term outlook for the potash market. Published. Please find more information on the cookies used on our site here. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. The good news for those in the market for fertilizer in the coming months is the price outlook appears to be lower for the 2021 crop. ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. There does, however, remain a possibility for a reduction in applications on some crops such as potatoes, because the pandemic is still causing major disruption to regular end-users such as the restaurant industry. DANAKALI focuses on developing the Colluli potash project in Eritrea, which is wholly owned by Colluli Mining Share Company (CMSC). You can control cookies through your browser settings. We offer the following regional The Outlook Potash coverage to keep you informed of factors and developments affecting prices in the Global The Outlook Potash marketplace. BHP Group Ltd, the world's biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Canada around February 2021. Copyright © 2020 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com, The Outlook Potash Global prices, markets & analysis. Although prices for muriate of potash (MOP), the main type of potash fertilizer, ... Nickel Forecast 2021: Juniors Optimistic, Challenges Remain. Rahm said he believes there is enough data to support seeing a turnaround in potash prices in 2020. CRU's Prices service for fertilizers updates key price assessments every Thursday, covering urea, nitrates, ammonia, phosphates, potash, sulphur and sulphuric acid in one offering. Salt Lake Potash is initially building a 50,000 tonnes per year demonstration plant that will provide a template for the larger project. These are solar evaporation mines, which ‘provide one of the safest, lowest cost, environmentally friendly production methods for potash and salt’. Israel Corp, Israel’s largest holding company, owns just over 45% of the business. INTREPID is a smaller US-based potash producer established in 2000 when it acquired assets from Potash Corp that supplies magnesium, potassium, sulfur, salt and water to help grow crops, produce animal feed and for use in the oil and gas industry. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. Already in 2020, the company has succeeded in securing an offtake agreement with Swiss-based agri-trader Keytrade. Given that prices will also start 2021 at a higher-than-anticipated level, the group has increased its average price forecast for 2021 from $58/t to $62/t. ... As a result, we are forecasting global potash prices to increase at a constant rate during the first half of 2021. The miner is aiming to produce around 800,000 tones of MOP per year over the initial mine life of 20 years. Fertilizer prices are projected to increase modestly by 3% in 2021, according to the October 2020 edition of the World Bank’s Commodity Markets Outlook. AUSTRALIAN POTASH’s main asset is the Lake Wells potash project in Western Australia, though the company also holds a number of gold and base metals projects. Insight and analysis of factors driving prices. Australian Potash has also secured a 10 year offtake agreement for potash products from Lake Wells. ICL has become one of the largest providers of specialty fertilizers, bromine and flame-retardants, and a significant supplier of pure phosphoric acid. Availability into southeast Asia was poor in Q3. GENSOURCE POTASH CORPORATION, a fertilizer development company focused on sustainable potash production, develops the Tugaske Project. Therefore, demand for potash fertilizers is set to rise over the coming years, which may be positive news for prospective investors in the industry. Southeast Asian potash demand is unlikely to increase in Q4, despite a lack of purchasing activity in Q3. EMMERSON, a company registered in the Isle of Man and listed in London, is focused on the development of the Khemisset project, a ‘low capex, high margin’ potash project in Northern Morocco. Southeast Asian buyers remained largely absent from the market in Q3. AGCCF: Get the latest Gensource Potash stock price and detailed information including AGCCF news, historical charts and realtime prices. Top Cannabis Stocks Year-to-Date. The fertilizer giant predicts U.S. farmers will plant 90 million acres of corn in 2021, while also increasing wheat and canola acres. Intrepid Potash Inc (IPI) Forecast Chart, Long-Term Predictions for Next Months and Year: 2020, 2021 Walletinvestor.com Intrepid Potash stock price forecast* for tomorrow, and … Israel Chemicals, K+S or Mosaic Company, however, both have substantial potash operations and those investors seeking a diversified play on Potash, they may consider investing into the Global X Fertilizers/Potash ETF (SOIL), an exchange traded fund that tracks the Solactive Global Fertilizers/Potash Total Return Index. Over 25 years of reporting on key chemicals markets, including The Outlook Potash, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Mining company BHP will decide whether to go ahead with a giant Canadian potash project in 2021 after it has spent a further $345m on final preparation work. The companies have since claimed production has returned to normal. From pricing information to the analysis you need to understand it, ICIS coverage of regional The Outlook Potash markets is second to none. The current potash price will make it a favourable option for farmers looking to put another layer down before winter arrives. Record global potash demand is now being forecast for 2021 that will lead to increases in the price of potash under contracts to be initialed as early as in Q1. Potash demand was mixed in Q3. Agrimin believes Mackay can be the world’s lowest-cost producer of SOP. It also has an underground mine at Carlsbad that hosts langbeinite, a rare naturally-occurring mineral that is ‘found only in a few places in the world’. Demand from the region has been weak since Q2 2019. Its operations include the Boulby mine in the UK, where the company has shifted towards exclusive production of Polysulphate, claiming to be ‘the first and only supplier of this new and unique fertilizer’. Analysts also anticipate higher cash flows next year (due to higher nitrogen prices), along with a stable quarterly cash dividend of $0.45 per share (current yield 3.87%). Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations. ... Potash prices will also gain from demand-supply imbalance. Fertilizer producers are next in line to benefit from rising crop prices, with farmers poised to plant more acres in 2021. In February 2020, BHP said it would ask its board for Stage 1 project approval in 2021, having spent more than US$2.7 billion on Jansen so far, which is estimated to be 84% complete. While the patent expired fourteen years later, potash remains an important product used globally today. In June, Emmerson Plc, released a feasibility study for its flagship Khemisset potash project, which confirmed that the deposit has the potential to be, as the company stated, a “world class, low capital cost, high margin potash mine.”. What … A £2.4bn potash mine on the North York Moors will be operational within the next 5 years, its developers say. With attention focused on crops maturing and harvesting, there was the typical drop in demand as seen each year during this period. Potash increases crop yields and food quality using more limited land, which will be vital if the world is to feed itself as the global population continues to increase and people’s dietary habits change. The Goldfields Salt Lakes SOP project, currently on track for first production in Q1 2021, is shallow and fairly low-cost, with the capex budget set at AU$237 million with just over a three-year payback. The Outlook Potash news and market information products from ICIS. With fertilizers deemed essential by governments, farmers will be able to stock up with relative ease. As the world’s sixth largest potash producer, the company is responsible for over one-third of global production of bromine, which is used in agricultural chemicals, dyestuffs, insecticides and pharmaceuticals. It is likely that European demand will increase in Q4, as farmers return to restock inventories after harvest. In terms of investment opportunities, many potash-focused companies, such as Agrium and Potash, have been acquired by larger rivals over the years. Potash or Potassium (K) is the seventh most common naturally-occurring element in nature, and it is one of the three main macronutrients required for plants…. the environmental review document for Lake Wells is currently being assessed by the Environmental Protection Authority (EPA). Nutrien’s potash sales for this year are now estimated at between 11.6 million and 12 million tonnes, down 300,000 tonnes from September, and one million tonnes lower than its estimate in July. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including The Outlook Potash. Potash Investing: Top 10 Company Stocks to Watch in 2021 (I.Part), Greening Africa: EU & AU Step up Cooperation on Agri-Business and Food System Transformation, Africa Fertilizer News: Minbos Resources, Kore Potash and CF Fertilizers, Oil & Gas Update: Greece’s Trans-Adriatic Pipeline, Nigeria’s Oil Leaks and Green Hydrogen as Game Changer, Phosphate Rock: 2020 World Market Review and Forecast to 2027, Potash & Phosphate Company Update: Kore Potash, Davenport Resources and Verdant Minerals, India’s Evolving Position in Global Fertilizer Market: Urea, Phosphate & Potash, Global Fertilizer Day: Joining Forces to Meet World’s Future Food Needs, Greening Africa: Food Security is Key to Agriculture Investing, Potash Investing: Top 10 Company Stocks to Watch in 2021 (II.Part), Phosphate Investing: Risks & Opportunities in Global Phosphate Rock Market. In short, there’s a lot going on in the global potash market and it’s creating supply challenges that are driving up prices. This reserve estimate translates to a mine life of 40 years for 25,000 tones per year of battery-grade lithium carbonate and 95,000 tones per year of potash on average. This left inventory fairly balanced. CF hit record sales volumes for the first nine months of 2020, but sales revenue dropped 15% due to lower prices. There are nowadays quite a few companies exploring, developing and producing potash around the world. Farmers are benefiting from higher corn prices and billions of dollars in federal aid payments. The following first part of the list featuring (in the alphabetical order) ten ASX-, TSX- and TSXV-listed potash companies, which are exploring, developing and producing potash in Australia, Belarus, Canada, Russia, parts of Africa and elsewhere around the world, is designed to help those interested in the space learn about the investment opportunities. You can also export data to Excel via the ICIS dashboard service. Emmerson says the pre-production capex of $406 million is ‘less than half of its global peer average’. New purchasing is not anticipated to come until later in the quarter, with additional volumes necessary for both post-season applications and restocking for next spring’s needs. The company’s potash segment is expected to see higher prices per ton and achieve improved sales volumes in 2021 as global potash shipments are on track to reach 10-year highs. The Colluli project is nearing the construction phase as Danakali seeks to secure financing, and the company expects the project to reach commercial production in late 2022. Mexico: potash use for corn crops 2011-2021 Forecast: operating revenue potash fertilizer manufacture China 2008-2020 Urea fertilizer potential worldwide supply 2014-2024 Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. The COVID-19 pandemic is applying further pressure, but major players, including ASX-, TSX- and TSXV-listed potash stocks, remain confident in the long-term outlook for the potash market. The development permit for the Tugaske Project was approved by RM Council at its August meeting, opening the way to construct the first potash module within the boundaries of the municipality. 2021 Global Mining Symposium – February 23-24 2021; 2020 Global Mining Symposium – November 2020; 2020 Global Mining Symposium – September 2020; 2020 Canadian Mining Symposium – June 2020; ... Intrepid closes West facility amid weak potash prices. However, potash could be a different story altogether. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities. Basic Info. Demand is weak and confusion in the market is widespread because marine authorities, ports, and private operators have continued to follow often contradictory government anti-viral laws. At Lake Wells, the company is exploring for SOP, and is targeting domestic demand from Australian farmers. Recent improvements in crop prices also support increased fertilizer expenditure. Demand is seen as increasing as harvest will be completed during the period. Although domestic prices for barges and terminals have begun to climb, it has not appreciated enough to attract further imports that would shift the supply balance. Report. The long-term effects of the coronavirus lockdowns on nations’ economies may still be felt, however, potentially making fertilizers a less-important purchase. Year offtake agreement with Swiss-based agri-trader Keytrade download multiple data series for manipulation in your internal... 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