Fertilizers will always be fundamental to food production, but they will also have to be low emissions, environmentally friendly and support healthy soils. In this article, Dr Alexander Schmitt, Chief Marketing Officer, Anglo American Crop Nutrients, explains how polyhalite meets all three of these criteria – while also helping to increase the quantity and quality of food a farmer can produce.
At the end of April, Australian mining giant BHP made waves in the business world by offering US$39 billion to take over its London-based rival Anglo-American, creating the world’s largest diversified mining company. For its part, Anglo’s board announced that it was rejecting the offer, saying that it was “opportunistic” and that it “significantly undervalued” their company. A revised bid was said to be in preparation at time of writing.
As refiners adapt to the transition to a lower carbon economy, different strategies are likely to impact upon sulphur output.
Morocco’s OCP is continuing to expand its phosphate fertilizer production capacity. This includes the construction of new sulphur-burning acid capacity to support phosphate production and provide carbon-free power.
While there has been a lot of talk about decarbonising ammonia and methanol production, for as long as blue and green production is more expensive than conventional production, uptake will be dependent upon markets which are prepared to pay a premium for such chemicals, perhaps because they have no other reasonable choice, given environmental mandates. One sector above all has dominated the prospects for medium term demand for low carbon ammonia and methanol alike, and that is shipping.
Although global ammonia supply is set to increase this year, there is a shortage of new merchant capacity after 2024 which may lead to rising prices in the medium term.
Low emissions hydrogen is expected to play an increasing role in the syngasbased chemicals industry, but cost and technical challenges remain.
China’s drive to build new battery production capacity for electric vehicles and stationary storage is leading to a familiar problem for the Chinese economy; overcapacity.
Falling volumes of sulphur from refining and sour gas could turn Europe into a sulphur importer.
In January, Kazakh uranium producer Kazatomprom warned of potential adjustments to its 2024 uranium production due to challenges with sulphuric acid availability and construction delays at new uranium mining operations. In a statement the company said that its projected uranium output for 2024 will be between 21,000 t/a and 22,500 t/d U3 O8 , around 20% lower than the amount it had been expecting to be able to mine. Kazatomprom’s uranium output was 21,100 t/a U3O8 in 2023, down 1% on 2022 figures, with output flat during 4Q 2023. While it said it had sufficient inventory in stock to cover contracted deliveries in 2024, there could be problems for 2025 deliveries.