Sorry It didn't auto copy ill cut and psate it below its from...

Sorry It didn't auto copy ill cut and psate it below its from AUG 2020.

Major market participants such as BHP (NYSE:BHP,ASX:BHP,LSE:BLT) remain confident that the top potash countries by production are set for a decade of robust demand.

The US Geological Survey estimates that global annual potash production capacity was 61 million MT in 2019, while actual production for that year totaled 41 million MT. So what were the top potash countries by production in 2019? Read through the list below to find out the answer.

1. Canada

Mine production: 13.3 million MT

Canada is the world’s largest potash producer, with potash production in 2019 growing by 1.3 million MT over 2018 production levels.

Nutrien (TSX:NTR,NYSE:NTR), the largest potash company, is based in the Canadian prairie province of Saskatchewan. The company is the result of a 2018 merger between two crop nutrient companies, Potash Corporation of Saskatchewan and Agrium. The partnership has “created a global agricultural giant” valued at US$36 billion.

2. Belarus

Mine production: 7 million MT

Potash production in Belarus dropped slightly by 100,000 MT from 2018 levels to total 7 million MT in 2019. Output in the Eastern European country has been on an upward trajectory since 2016, when its potash production total came in at 6.4 million MT.

Belarusian Potash Company is the country’s largest industry operator. Since Uralkali (MCX:URKA) pulled out of Belarusian in 2013, its former partner, state-owned Belaruskali, has had a rocky road to recovery. Belaruskali has six mines and four processing factories

3. Russia

Mine production: 6.8 million MT

In 2019, potash production in Russia was down from 2018’s output of 7.5 million MT. Uralkali is Russia’s premiere potash company, as well as one of the world’s leading potash producers, accounting for roughly 20 percent of the world’s potash supply. The company has five mines and seven ore treatment and processing mills.

4. China

Mine production: 5 million MT

Potash production in China has remained relatively the same from 2016 to 2019, at around 5 million MT. Potash is extremely vital in China — the country is the largest consumer of potash fertilizer, accounting for approximately 20 percent of world potash consumption. China’s domestic demand for potash fertilizer is overtaking its homegrown potash supply, making the country reliant on potash imports, especially for muriate of potash.

5. Germany

Mine production: 3 million MT

In Germany, potash production has ticked up slightly from 2016 to 2019, going from 2.7 million MT to 3 million MT. K+S (ETR:SDF) is one of Germany’s leading potash miners and has a number of projects, operating six mines in three districts of Germany.

6. Israel

Mine production: 2 million MT

Annual potash production in Israel has remained unchanged for the past few years, totaling 2 million MT since 2017. The country is sixth in terms of potash production, and it also hosts the world’s sixth largest potash-producing company: Israel Chemicals (TLV:ICL).

The company produces roughly a third of the world’s bromine, which is often extracted from the same salt water and brine deposits that produce potash.

7. Jordan

Mine production: 1.5 million MT

While potash production in Jordan increased marginally from 2018 to 2019, the country still has yet to take back the sixth place spot it previously lost to Israel. Arab Potash Company, located in Jordan, is the eighth largest producer of potash by volume, and is the sole producer of potash in the Arab region. It has helped make Jordan a key potash supplier for India and Asia.

8. Chile

Mine production: 950,000 MT

Chile recorded production of 1.2 million MT of potash in 2018, the same as the prior two years; however, production dropped below 1 million MT in 2019. One of the largest producers of potash in the country is SQM (NYSE:SQM), which is also a leading producer of lithium. South America in general is a large consumer of potash.

9. Spain

Mine production: 600,000 MT

Spain remained in ninth place for potash production in 2019, although its production rose slightly by 40,000 MT from 2018’s output. This figure is down from 2016, when the country produced 670,000 MT of potash. Spain has potash reserves of 68 million MT. The company Geoalcali has a few potash projects in Spain, including Izaga, Muga and Sierra Del Perdon.

10. United States

Mine production: 510,000 MT

The US bumped the UK from the 10th spot on the list in 2017, and continued to hold onto the spot in 2018 and 2019. Potash production in the US mostly takes place in New Mexico and Utah — New Mexico has four mines operated by two companies and Utah has three potash operations.

The country put out 510,000 MT of potash for 2019, a relatively steep drop from 2014, when output totaled 850,000 MT of potash. US potash goes largely to the fertilizer industry, which in turn uses the fertilizer to increase crop production and crop yield, as well as to improve soil health and water retention in crops. Any leftover potash output is used in the chemical and industrial sectors.