Potash Usage vs Rising Incomes
There’s lot’s of room for growth in the potash industry despite the high production levels today. At Gensource, we spend a significant amount of time researching and analyzing the global market trends to see where potash consumption is heading tomorrow, and we use that information to our advantage on our own projects.
For example, the video on the right charts potash usage vs income per person and clearly indicates the consumption pattern over the past 50 years. As incomes rise in developing countries, the demand for food rises which affects the use of potash based fertilizer proportionally.
Even if potash use rises 3% per year, that’s enough for a new mine to be developed each year.
That’s where we fit in. Gensource has the knowledge and projects in place, ready for development to met this global demand for one of Saskatchewan’s most valuable resources.