SRUXF - New Sulfate Of Potash Projects: Should Compass Minerals And Intrepid Potash Be Worried?
In a previous article, we reviewed the dynamics of the Muriate of Potash ((MOP)) market. Some crops, however, cannot bear the high chloride content of MOP, and require the application of Sulfate of Potash ((SOP)) or other chloride-free fertilizers.
In the U.S., Compass Minerals (CMP) and Intrepid Potash (IPI) are two names with sizeable SOP or SOPM (Sulfate of Potash Magnesium) operations. The two companies regularly tout the attractive prospects of their niche markets.
There is, however, a rather rich pipeline of SOP projects around the world. In this article,