martes, 21 de agosto de 2018

Lithium boom unlikely to disrupt potash market — analyst

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Potash News Digest
Wednesday 22 August 2018
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While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn't have an impact in the potash market.

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.

From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Canada's Nutrien Ltd, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity.

The Dead Sea is seen as offering "unlimited supply" of minerals.

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

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