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Published. The Denver, Colorado-based company owns and runs three mines: Wendover and Moab in Utah, and Calrsbad in New Mexico. Potash demand was mixed in Q3. 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. The current potash price will make it a favourable option for farmers looking to put another layer down before winter arrives. In 2021, this is expected to be particularly the case for urea. The capital cost to get Jansen into production is estimated to be between US$5.3-5.7 billion. 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…. As usual, harvest activity restricted demand in mid-Q3, but by the end of the quarter buyers were back and looking to refill inventories. 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. Exports of (bop) - Potash in Canada decreased to 442.60 CAD Million in October from 531.70 CAD Million in September of 2020. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. Agrimin believes Mackay can be the world’s lowest-cost producer of SOP. There are nowadays quite a few companies exploring, developing and producing potash around the world. 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. Access to … 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. At Lake Wells, the company is exploring for SOP, and is targeting domestic demand from Australian farmers. 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. Therefore, demand for potash fertilizers is set to rise over the coming years, which may be positive news for prospective investors in the industry. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. the environmental review document for Lake Wells is currently being assessed by the Environmental Protection Authority (EPA). Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. 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%. 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. However, potash could be a different story altogether. 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. This left inventory fairly balanced. 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 Fertilizer producers are next in line to benefit from rising crop prices, with farmers poised to plant more acres in 2021. Post-harvest application buying had not emerged, so there was no extra pull on volumes. Potash prices remain subdued due to oversupply. Australian Potash has also secured a 10 year offtake agreement for potash products from Lake Wells. Salt Lake Potash is initially building a 50,000 tonnes per year demonstration plant that will provide a template for the larger project. 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. 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. Although prices for muriate of potash (MOP), the main type of potash fertilizer, ... Nickel Forecast 2021: Juniors Optimistic, Challenges Remain. Strong project economics include a NPV of AU$665 million at an 8% discount. Already in 2020, the company has succeeded in securing an offtake agreement with Swiss-based agri-trader Keytrade. You can also export data to Excel via the ICIS dashboard service. 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. 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. Please find more information on the cookies used on our site here. Continued disruption in the CPO futures market has made purchasing fresh MOP volumes less of a priority for many buyers. Q3 supply was constant as market activity moved into a quieter period with fewer buyers participating as values held stable. 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 … While the patent expired fourteen years later, potash remains an important product used globally today. Demand is seen as increasing as harvest will be completed during the period. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including The Outlook Potash. ... North York Moors potash mine ready by 2021, company says. 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. ICL has gradually expanded into a global business since helping to establish its home country’s potash industry 80 years ago. 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%). 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. 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. Recent improvements in crop prices also support increased fertilizer expenditure. The plant site will be constructed on land that has no environmental sensitivities or concerns. DANAKALI focuses on developing the Colluli potash project in Eritrea, which is wholly owned by Colluli Mining Share Company (CMSC). From pricing information to the analysis you need to understand it, ICIS coverage of regional The Outlook Potash markets is second to none. 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. 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. Global fertilizer demand has remained strong in … 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. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets. You can control cookies through your browser settings. Rahm said he believes there is enough data to support seeing a turnaround in potash prices in 2020. 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. The Outlook Potash news and market information products from ICIS. US supply availability is expected to remain constant in Q4. 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. Located in the Canadian province of Saskatchewan, this project will be developed on Gensource’s wholly-owned Vanguard Area. In terms of investment opportunities, many potash-focused companies, such as Agrium and Potash, have been acquired by larger rivals over the years. Mackay holds the largest-known brine-hosted SOP resource in the world with a maiden ore reserve of 20 million tones (Mt) of SOP. Demand from plantations was lacklustre because of low palm oil prices, political unrest and cashflow concerns. 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. Farmers are benefiting from higher corn prices and billions of dollars in federal aid payments. 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. 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. Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings. 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. 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. 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. 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. 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. The companies have since claimed production has returned to normal. 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. Mexico: potash use for corn crops 2011-2021 Forecast: operating revenue potash fertilizer manufacture China 2008-2020 Urea fertilizer potential worldwide supply 2014-2024 Availability into southeast Asia was poor in Q3. Insight and analysis of factors driving prices. ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including The Outlook Potash. This is a change of 0.00% from last month and -23.73% from one year ago. 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. 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. 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. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities. GENSOURCE POTASH CORPORATION, a fertilizer development company focused on sustainable potash production, develops the Tugaske Project. CF hit record sales volumes for the first nine months of 2020, but sales revenue dropped 15% due to lower prices. What … Breaking news of latest developments affecting the markets. 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. 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.”. Emmerson says the pre-production capex of $406 million is ‘less than half of its global peer average’. These are solar evaporation mines, which ‘provide one of the safest, lowest cost, environmentally friendly production methods for potash and salt’. 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’. Positive Estimate Revision Activity: The Zacks Consensus Estimate for fiscal 2021 have moved north by 13% over the past 60 days. It is likely that European demand will increase in Q4, as farmers return to restock inventories after harvest. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations. 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 offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts. Potash has seen a slow few years due to low prices, oversupply and farmers tightening their belts. Basic Info. 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 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. 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. The fertilizer giant predicts U.S. farmers will plant 90 million acres of corn in 2021, while also increasing wheat and canola acres. The ICIS dashboard service aid payments while also increasing wheat and canola.... Activity: the Zacks Consensus Estimate for fiscal 2021 have moved North by %. 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