Agrimin CEO Mark Savich told the RIU Explorers Conference more than A$50 million has been spent by the handful of ASX-listed companies involved in the budding sector over the past few years.
Of that $30 million was spent last year.
The guts of the story is that chloride-free sulphate of potash (SOP) is reportedly well on its way to becoming the fertiliser of choice for growing the vegetables and fruits demanded by the world’s growing (and increasingly urban-based), population.
SOP demand has more than doubled in recent years to over seven million tonnes per annum.
Moreover, the salt lake promoters such as Savich claim the Mannheim process used to deliver about 50% of the ...