A small Chinese company that is key to plans by Sirius Minerals to build a huge fertilizer mine under a national park in the north of England confirmed that it had inked a binding agreement with the UK company. DianHuang CEO Wang Xiaotian reiterated the agreement in a letter to Reuters on May 15, saying it had been signed on May 27, 2016…Full Article: The Global Times May 2017
- As part of the agreement, China’s DianHuang will purchase 150,000 MTs of polyhalite in 2021/2022 (within the first year of extraction) and will purchase 1 million MTs annually within five years (of first extraction).
- Commercial potash fertilizer production is primarily comprised of muriate of potash (MOP) and sulphate of potash (SOP). Globally, MOP is the more widely produced and used potash product of the two. Sulphate of potash (SOP) is derived from polyhalite and commands a premium price over MOP.
- In 2014, China consumed 6.4 million MTs of potash (potassium compound).
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