Category: Commodity

Nickel sulphate is an intermediate step in the production of materials for batteries, and is seeing rapid demand growth as the auto industry moves towards electric power trains.

Although China remains the world’s largest phosphate producer, it has been overtaken as the largest exporter by Morocco in recent years as domestic producers face continuing restrictions on exports.

Chile’s environmental regulator SMA has filed a charge against state-owned Codelco, alleging emission violations at its Potrerillos copper smelter in the Atacama region of northern Chile. An audit showed the company had not implemented a monitoring system for sulphur dioxide emissions and other procedures in accordance with environmental standards for the plant, Reuters news agency reported. The SMA labelled the charge as serious, which could lead to a fine of around $4.1 million, and possible revocation of the environmental permit or closure. Codelco had ten days to submit a compliance plan, and 15 days to present a defence.

The Caspian Sea region is home to extensive sour gas reserves which produce large volumes of sulphur. Exports are difficult, but the Kazakh uranium industry is consuming an increasing amount.

Sulphur prices may remain stable before decreasing on muted demand and transactions may increase in frequency contributing to price decreases in the first half of 2025.

Short term supply constraints are dominating acid markets at present, but increasing smelter production across Asia may lead to oversupply in the longer term.

CRU’s 2025 Phosphates Conference – now in its 16th year – will be held in Orlando, Florida, 31 March - 2 April next year. The 2024 event convened in Warsaw was one of the most successful to date (Fertilizer International 519, p4).

The prospect of a drastic expansion in potassium sulphate production has been linked to a plethora of projects in Australia, Ethiopia, and Eritrea. These have sought to take advantage of market tightness and high price premiums. Yet investor interest in supposedly promising projects has waned over the last few years. In this insight article, CRU’s Alexander Chreky explains the reasons behind the high project failure rate, as well as highlighting some limited successes.

Sulphur is a necessary nutrient for strong and healthy plant-growth and disease resistance. Fertipaq manufactures the liquid suspension fertilizer S-600 using sulphur recovered wastewater and biogas streams. This organic product is an ideal nutrient source for crops with a high sulphur requirement.

Biostimulants are emerging as mainstream products with major fertilizer producers – including Yara, Mosaic, Fertiberia and ICL – launching their own biostimulant lines and expanding production capabilities. Smaller innovative companies, meanwhile, such as Azotic and Fyteko, remain the mainstays of the sector and are continuing to being new products to market. Other players such as Den Nouden/GrowSolutions are targeting the expansion of organic fertilizers.