Industrial Minerals


Compass posts decline in salt sales in second quarter

01 August 2011

by Siobhan Lismore

Cites above average demand in 2010, flooding; fertiliser prices drive growth

Keywords: salt, potash, Compass Minerals, de-icing

US-based Compass Minerals said in its second-quarter results that sales were at the same level as the previous year, but added that salt sales declined by 7%.

Sales were at $179.9m. for the three month period. But sales less shipping and handling were at $135.8m.

The year-on-year (y-o-y) slide in salt was attributed to above –average demand for deicing salt in the previous year, primarily driven by robust pre-season demand in the UK and some sales related to minimum purchase...