The 3G Mineral Group Dominated by China and Its Implications for the U.S.
April 17, 2024
Late in 2023, China announced export quotas and tariffs on severa...
Worldwide demand for potash has increased in recent years, as developing countries vie to secure more potash fertilizer to support their increasing food supply needs.
U.S. mines currently produce about 1.5 million tons of potash annually, but as U.S. demand for potash fertilizer alone hovers around nine million tons annually, the nation’s agricultural sector must rely on mineral imports to mitigate the difference.
But potash projects in Arizona could meet more U.S. needs with domestically mined potash; the USGS estimates that the state’s Holbrook Basin contains between 0.7 billion to 2.5 billion metric tons of potash, and companies exploring the region estimate that they could easily double U.S. potash production.