WESTERN POTASH CORP T.WPX

RE:Plenty of potash, but almost no low cost sources

[RetiringYoung]

thairat wrote:

Plenty of potash, but almost no low cost sources for crop production

US Geological Survey | March 3, 2015

While the earth contains enough potash to meet the increased global demand for crop production and U.S. supplies are likely secure, some regions lack potash deposits needed for optimal food crop yields. According to a recent USGS global assessment of potash resources, the costs of importing potash long distances can limit its use and imports are subject to supply disruptions.

“Global scarcity is not the issue with potash – transportation costs are,” said USGS scientist Greta Orris, who led the assessment. “We chose to assess potash because it is used primarily for fertilizer and with the increasing global population, the need for agricultural lands to be increasingly productive will continue,” said Orris.

“A significant finding of this assessment is that there appears to be little to no potential to develop potash mines in either China or India, where large populations create the need for highly productive agricultural land, which in turn requires large amounts of appropriate fertilizers,” said Orris. “High import costs have resulted in lower usage of potash fertilizers than commonly seen in the U.S., and the potential for the land to be less productive.”

https://www.mining.com/web/plenty-potash-almost-no-low-cost-sources-crop-production/

Really....somebody needs to check their facts.