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Brazil's mines and energy ministry, through the geological service CPRM, finalized a report on domestic potassium potential. The study identified about 3.2 billion tonnes of ore in northern deposits.
Brazil imports about 96.5% of its potassium chloride.
Domestic potash development could eventually reduce Brazil's large import needs, which is bearish for long-term potash export demand. The effect on near-term prices is minimal because projects are still early.
bnamericas.comJan 26, 2021
mining-technology.comMatthew HallJan 26, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
