Potash and copper markets will grow
Potash demand will grow by an average of around 5.7% annually. The demand for copper will also increase.
(PresseBox) - According to Mordor Intelligence, the global potash fertilizer market was worth a good USD 20 billion in 2024. By 2030, the global market size is estimated to be more than 28 billion US dollars. Potassium is an essential nutrient for plants. It improves plant health, increases disease resistance and has a positive effect on general plant health. Forecasts for global demand are optimistic. Potash fertilizer plays a central role in agriculture, which is a major supplier of food. Potash fertilizer also has a dominant position on the fertilizer market and is considered the number one fertilizer. The Asia-Pacific region is likely to be particularly strong in terms of demand. Population figures are rising, while the agricultural area per capita is falling. As the yield per hectare must increase, the fertilizer market should have good prospects.
This includes companies such as Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ -. Its potash project is located in mining-friendly Gabon, Africa. The necessary infrastructure is in place and major customer countries such as India, China and Brazil are not far away.
Another raw material that is said to have a bright future is copper. It is one of the most frequently processed metals and, alongside aluminum, is the most heavily traded industrial metal. The price of copper has already made significant gains this year, not least due to the issue of tariffs. According to a study commissioned by the International Copper Association, demand for copper will increase due to the increasing electrification of the automotive markets. This is one aspect, but other sectors such as wind power will also ensure an increase in demand for copper. Incidentally, copper is also becoming increasingly popular with thieves, with even wind turbines being a target.
Copper is the business of Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ -, for example. The company has projects in Chile and Argentina in the promising Vicuña district. The Filo Sur copper project (Argentina) is particularly noteworthy.
Current company information and press releases from Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ -) and Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -).
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Datum: 13.03.2025 - 07:48 Uhr
Sprache: Deutsch
News-ID 719005
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"Potash and copper markets will grow"
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