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The latest report titled “Potash Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Potash.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Potash production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Potash Production Process:
1. Potash Production Cost From underground undermining: This report presents the detailed production methodology and cost analysis of Potash industrial production across Potash manufacturing plants. The mining process starts with boring and mining of land of potash ore. The mined ore is then subjected to milling process to give potash.
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2. Potash Production Cost From solution undermining: This report presents the detailed production methodology and cost analysis of Potash industrial production across Potash manufacturing plants. The initial step in this process is to inject hot brine solution to underground ores which makes the potash solution along with brine to come up at the surface. In the next step, extraction and milling of potash is done and the obtained product is purified using floatation method to give potash in pure form.
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Product Definition:
Potash is a common name to refer to a variety of potassium compounds that are primarily involved in agriculture industry. In these compounds, potassium is present in combination with oxygen, sulfur, and chloride ions. The ionic nature of these compounds makes them soluble in water and increases their effectiveness as fertilizers. They thus promote root development, enhance drought resistance and quality of fruit. As the salts of potassium are normally basic, when they are added to acidic soil, they assist in raising its pH and thus promoted plant growth. Potash also finds applications in various industries beside agriculture as it is used in the manufacturing of soaps, glass, and detergents.
Market Drivers:
Potash consists of a group of water-soluble potassium salts and thus finds applications in various industrial sectors. It is used in water treatment plants for the softening of hard water as potassium chloride and potassium permanganate aides in removal of calcium and magnesium salts from water. The potash salts are also employed in manufacturing of soaps and detergents. Caustic potash is primarily effective in producing liquid soaps as it can dissolve in water and can also react with fatty acids. Potassium carbonate is also a central compound in the production of potassium permanganate, potassium bicarbonate, potassium chromate, whereas potassium nitrate is utilized in explosives and fireworks production. However, the major market driver of potash is the fertilizer market. As potash contains high level of potassium, it is used as an agricultural fertilizer as it promotes root strength, disease resistance, yield rates, etc.
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Potash consists of numerous inorganic compounds of potassium contained in a water-soluble form. Potash is utilised in several sectors, most broadly used in the agricultural sector. A sizable volume of potash is employed to make fertiliser. Potash’s use in the agriculture sector as a fertiliser is critical since it contains high levels of plant nutrients which support the growth of the crops, such as root strength and resistance to diseases.