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Mining Interest in Fertilizer Production Increases

March 22, 2023 at 14:12 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Anglo American recently announced its revival plans for the former Sirius Minerals mine. This comes as more miners turn to the growing fertilizer market. The global fertilizer market is still being rehabilitated a year after Ukraine was invaded by Russia. The primary reasons for this are the fact that Belarus and Russia are huge fertilizer exporters and that increasing gas prices have affected ammonium nitrate and urea prices, which are key fertilizer inputs.

For instance, the price for potash shot up from about $250 per ton at the start of 2022 to almost $1,200 per ton by the end of last year. Potash is a potassium-rich salt and…

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