Domestic Companies Have Great Blindness in Developing Foreign Potash Resource

By CnAgri2017-05-15 11:05:55 Print

Domestic sylvine resource is in a seriously short supply. In 2015, the world’s total proved reserves of sylvine reached 3.849 billion MT, and proved reserves in Belarus, Canada and Russia totaled 2.35 billion MT. At the existing mining scale of each country, world’s sylvine resource reserves would be exploited for 94 years; proved sylvine reserves in China only account for 2% of the global total. China is a country whose demand for potash is great, but the domestic supply is seriously short.

So, in recent years, domestic potash companies have sped up the pace of building potash projects overseas. By the end of 2016, there had been 11 countries that were engaged in investing 3 billion US dollars in 30 potash resource projects with the total planned capacity of nearly 20 million MT. Except for 1 million MT of capacity in Laos, other projects all are in the period of exploration and preparation for building.

Developing foreign resource is a way to solve the issue of a short supply of resource, but foreign potash resource projects invested by China at the present face the problems of more items, great investment, small scale, slow progress and great blindness.