Industry Analysis & Industry Trends
The Chemical and Fertiliser Mineral Mining industry has performed relatively poorly over the past five years. Revenue is estimated to fall at a compound annual rate of 3.3% over the five years through 2016-17, in large part due to the sharp drop in potash prices since 2013. The surprise defection of Uralkali from a key global supply cartel has also had considerable repercussions and played a major role in the fall in potash prices in 2013, which has curbed profit growth. The desire to secure sources of polyhalite, a form of potash touted as a superior fertiliser, has helped to maintain the level of output. Fluorspar production had fallen by the wayside but was revived by British Fluorspar, which has prevented extraction from halting entirely... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Demand for the industry's major product, potash, is high, although production levels are set to change over the due to emergence and anticipated growth of polyhalite. Cleveland Potash has committed to expanding production of polyhalite and Sirius Minerals has secured a large source nearby. Other industry segments, such as fluorspar, have also been revitalised. Over the past few years, the number of baryte producers has shrunk to just one major operator, and its existing mine is not expected to remain operational in the long-term due to dwindling resources. Further substantial reserves exist, although concern over the environmental impact of the mining operation previously prevented Sirius Minerals from being granted consent to mine. However, Sirius has now had all applications approved.
.. purchase to read more