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Northern Territory SOP / Lithium Play Size, page-27

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fooca

6,750 Posts.

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01/09/17

14:42

Post #: 26934384
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Originally posted by JackMR ↑

I stumbled across some interesting info regarding Potash... it ties in beautifully with the OHD project:

Potash, if you don’t already know, is a critical ingredient in plant fertilisers — one that has helped farmers throughout time achieve greater crop yields.
With rising populations there is a long-term need to find ways to increase the world’s food supply. Potash plays an important role here — a vital piece in solving the dilemma of feeding the world’s growing population, which is growing at 80 million a year and estimated to reach 9.3 billion by 2050.
There are a number of factors that should see continued rising demand for potash — of which 95% is used to fertilise crops — there’s the fact that the world’s population continue to grow, along with the urbanisation of populations, and the growing uptake of western diets. All this adds up to greater demand for food and less arable land on which to produce it.
This is where potash comes into play. As a fertiliser, potash is a crop nutrient that improves the production yields of agricultural crops. It improves a plant’s retention of water, nutrient value, taste, colour, and resistance to diseases and pests.
The current potash market is now emerging from a period of oversupply with demand growing at 3% a year and is expected to reach a record 61-64 million tonnes this year. This has led to a price recovery as inventories reduce and the market returns to balance.

BHP is one big name that has recognised this opportunity in the potash market and intends to start potash production from its Canadian potash project in 2023, with the goal of producing 4 million tonnes annually. The $86 billion company had earlier made an (unsuccessful) bid for the world’s largest fertiliser company — Potash Corp in Saskatchewan, Canada.
BHP estimates that the growing demand for higher-quality food combined with the shrinking availability of farming land will grow global potash demand by 2-3% per year.
Another macro factor to consider is that the supply side dynamics are also on side, with only a limited number of players capable of bringing on additional potash production capacity.

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I also believe that the SOP and the OHD will go hand in hand at some point as I posted my thoughts back about a month ago, re: post 26290767
Its a pity it didn't generate much discussions other than scarpa reiterating his thoughts on the total OHD platform, fertilisers and sustainable foods are the needs of the future........

cheers

GPP Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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Northern Territory SOP / Lithium Play Size, page-27

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