# Brazil seeks to boost potassium mining - BNamericas

> 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.

- Date: 2021-01-26 · published 2021-01-26T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49483-brazil-seeks-to-boost-potassium-mining-bnamericas
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bearish ▼

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/brazil-seeks-to-boost-potassium-mining
- mining-technology.com: https://www.mining-technology.com/news/brazil-potassium-mining-boost/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.