| Glow of optimism: underground mining at PotashCorp.s 4m. tpa Laningan mine in Saskatchewan, Canada. Courtesy PotashCorp|
In the fertiliser minerals world potash does not play by the rules.
Considering the present market challenges facing the potassium bearing mineral, its price should have plummeted in the last six months, as was the case for its phosphate rock, nitrates and sulphur counterparts. This has not happened.
Since Q3 2008 demand for potash has vanished. The worlds leading producer, Potash Corp. of Saskatchewan Inc. (PotashCorp) described its sales as tailing off considerably; German potash miner K+S Kali GmbH said demand had come to a standstill and that the market is slow and depressed; while The Mosaic Co the worlds second largest producer described demand as soft as the market re-calibrates.