BHP and Potash

https://www.mining.com/bhp-to-pick-port-ahead-of-jansen-potash-mine-decision/
https://*********.com.au/bhp-move-forward-controversial-jansen-potash-project/
For miners looking to add a green tinge to their portfolios of metals and mines, fertilizer has many attractions. One is diversification. Historically potash and other crop nutrients have a low or negative correlation with the price of other commodities such as iron ore and copper. But more important is the long-term outlook.In order to feed a growing global population from limited arable land, crop yields will have to rise. While new farming practices and seed technology will help increase food production, fertilizers will also play a critical role. Scotiabank forecasts that the 70m-tonne-a-year potash market will grow at about 2m tonnes a year between 2022 and 2030.“We think the long-term demand and supply fundamentals for potash are attractive,” BHP chief executive Mike Henry told investors at a recent mining summit.

The mining giant expects potash demand to increase by 15 million tonnes to roughly 105 million tonnes by 2040 or 1.5% to 3% a year, along with the global population and pressure to improve farming yields given limited land supply.