Domestic Potash Fertilizer Companies Busy "Fattening"
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On December 23 last year, Qinghai Salt Lake Potash Fertilizer and Salt Lake Group announced that the reorganization plan of Salt Lake Potash Exchange and absorption with the Salt Lake Group has been approved by the China Securities Regulatory Commission, and the two major potash fertilizer companies in the country have formally merged. Experts believe that this merger will facilitate the smooth progress of the project of the solidification and liquefaction of potassium chloride and the comprehensive utilization of salt lake resources, and will facilitate the smooth realization of the goal of increasing the production of potassium chloride by 1 million per year in the “Twelfth Five-year Planâ€, and will help improve China’s Potash self-sufficiency, to a certain extent, enhance China's discourse power in the potash fertilizer import negotiations.
It is understood that China's two state-owned enterprises - Sinochem and CNOOC are jointly purchasing Belarusian potash company shares, and the Belarusian government has conducted negotiations on the acquisition. Eastern Europe is the world's second richest source of potassium resources after Canada. Belarusian potash is the only potash fertilizer producer in Belarus, and it is also a large global potash fertilizer supplier. Potash fertilizer production accounts for 15% of global production, and exports exceed 16% of the global total. . Industry insiders suggested that relevant state departments should give necessary support to the joint action of Sinochem and CNOOC in the acquisition of Belarus Potash Fertilizer Company, strive for a substantive breakthrough as soon as possible, make China occupy a favorable position in the global production of potassium resources, and break the monopoly of resources of the international giants. To get rid of the passive situation of insufficient resources.
At the same time, the Chinese government has increased the search for potassium in China as a national strategy. China's Ministry of Geology and Minerals has set up a special project for the investigation and evaluation of potash geological survey. The Ministry of Science and Technology of China has established the "973" potassium-finding basic project. During the "Twelfth Five-Year Plan" period, China will focus on the geological survey of multiple minerals including potash. Investigate and evaluate potassium salts in Qaidam, Lop Nur, Sichuan Basin, and Western Yunnan, and seek new breakthroughs in resource reserves.
