Potash refers to a group of water soluble potassium bearing minerals; the most common being potassium chloride (KCl) or Sylvite. Potassium is fairly ubiquitous in nature as it is the 7th most common element in the earth’s crust, but limited in settings that are economically extractable. Where mined, potash often occurs in large deposits derived from the mineral residue, as an evaporite or salt, of ancient seas which dried up millions of years ago.
Potash is a unique and vital component in fertilizers without any substitute and is normally applied in conjunction with Nitrogen and Phosphorous (the K in N-P-K). The application of Potash provides a marked beneficial impact on crops and crop yield by improving key attributes such as appearance, texture, taste, storage and shelf life while reducing defects.
Combined with macro-economic stresses (i.e. population growth, declining available global arable land per capita, drought, etc.) contributing to higher crop prices, the continued and increased use of Potash provides a direct and decidedly beneficial and attractive investment for farmers; thus supporting strong long-term global demand fundamentals.