
Is LFP the ‘next big thing’?
Lithium ion battery production is driving major expansions in nickel and cobalt extraction, but lithium iron phosphate (LFP) battery use is growing rapidly.
Lithium ion battery production is driving major expansions in nickel and cobalt extraction, but lithium iron phosphate (LFP) battery use is growing rapidly.
All is not well with the Chinese economy. Growth has slowed to a fraction of what it was, only 0.8% in 2Q 2023, and has not bounced back as expected as covid lockdowns were eased. Exports and imports are both falling, debt has reached 300% of GDP, youth unemployment is running at 20%, and the property market is collapsing, with huge property developers like Evergrande and Country Garden only avoiding bankruptcy via government arranged loan restructurings. Consumer prices have fallen year on year, raising the spectre of deflation, and productivity growth has fallen from 4.5% year on year in 2006-7 to around 0.8% today. The yuan is trading at a 16-year low against the dollar.
While phosphate fertilizer production represents the main slice of demand for elemental sulphur and sulphuric acid, sulphur fertilizers continue to be a growing sector of demand due to changes in the way that we use sulphur.
CRU’s Sulphur + Sulphuric Acid 2023 Conference and Exhibition takes place at the Sheraton New Orleans, Louisiana, USA, 6-8 November.
The use of low-chloride fertilizers is a proven strategy for managing chloride sensitivity in crops and avoiding excess chloride in soils. ICL offers a wide range of crop nutrient products for this purpose. Patricia Imas, agronomist at the company, outlines the main options.
Market Insight courtesy of Argus Media. Urea: While prices mostly fell in mid-August, the main development was the massive purchase of Chinese urea by Indian Potash Limited. IPL confirmed that, out of a total tender settlement of 1.759 million tonnes, one million tonnes will be met by Chinese exporters. This far exceeded expectations and added to the already bearish sentiment of most market players.
Many crops are sensitive to chloride due to a genetic susceptibility. Similarly, crops can become stressed when soil salinity reaches high levels, a situation that typically occurs in water scarce regions. So, when is low-chloride crop nutrition needed? Dr Heike Thiel of K+S Minerals and Agriculture GmbH provides some answers.
Applications of chloride-containing fertilizers need to be carefully managed for crops such as berries, broad beans, citrus fruits, nuts, potatoes and stone fruits. Selecting chloride-free nutrient sources instead can offer distinct advantages.
Market Insight courtesy of Argus Media. Urea: There was a general price upswing for both urea and ammonium nitrate in mid-June, while ammonium sulphate and urea ammonium nitrate (UAN) prices remained weak. Urea prices were pushed up in most regions as traders sought to secure cargoes across the globe – resulting in granular urea deals from the Baltic ($260-280/t f.o.b.), Egypt ($312-335/t f.o.b.), Middle East ($253-280/t f.o.b.) and China ($308-310/t f.o.b.).
Tessenderlo Kerley International recently published a tree nut crop brochure. This article draws on the brochure to highlight the importance of two essential nutrients, calcium and sulphur, as part of a balanced fertilization programme for nut crops.