Hi Sevo, and thanks ... I was just doing some reading;
“MOP Murate of Potash
There are some drawbacks to this kind of potash fertilizer. For example, if high levels of chloride are present in the soil or irrigation water is being used to grow crops, adding MOP can create a toxic imbalance in plant nutrients. That means levels of the fertilizer have to be carefully managed, and MOP must only be used for select crops.
Still, MOP remains one of the most commercial fertilizers in the potash family, with over 55 million tonnes being sold and used annually. Having said that, the popularity of MOP in recent years has led to an increase in production that is outpacing demand, resulting in lower-than-desired prices for the product. The market improved moderately in 2018, but is still a long way away from its peak in 2009.
Nutrien (TSX:NTR,NYSE:NTR), a company formed by the merger between Potash Corporation of Saskatchewan and Agrium, is a major producer of MOP”. https://investingnews.com/daily/res...ing/potash-investing/types-of-potash-sop-mop/So Sulphate of Potash - which KLL will produce is more gentle than MOP.
However, after reading a bit more I still believe it is worth keeping an eye on Nutrien due to its clear interest in growing its Australian footprint.
there’s a useful story from December 10, last year, that notes;
“NUTRIEN Ag Solutions became visual reality with the rebranding of its first Western Australian office, the former Landmark office at Narrogin two weeks ago.
The new name encompasses the legacy businesses of Landmark and Ruralco, including Primaries in WA, and sees more than 4000 employees brought under the Nutrien flag Australia-wide....”https://www.farmweekly.com.au/story/6526982/first-signs-of-nutrien-rebranding-appears/..
For anyone else who is relatively ignorant but interested , here is more history on ‘the competition’
https://www.farmweekly.com.au/story/5671377/landmark-expands-in-new-fert-deal/Maybe, seeing as MOP is becoming less popular and especially seeing as Nutrien is clearly interested in raising its profile in Australia (and the cartel nature of this sector?) Nutrien has an acquisitional interest in KLL as well as a competitive one ?
cheers
(20min delay)