Overview of Potassium Resources Exploitation & Utilization Technology and Potash Industry Development

Potassium is an essential element for the growth and development of various plants. As one of the three nutrient elements of nitrogen, phosphorus and potassium needed by crops, potassium can not be replaced by other nutrients. It not only has the effect of increasing production and improving crop quality, but also can enhance the absorption of nitrogen and phosphorus by crops. From the world potassium resources and industry development situation as well as characteristics of the potash resources in China, the latest progress of potash development technology, potassium industry development this report present situation and future prospect. The global potash proved reserves and distribution characteristics of the potash production, supply and consumption situation were summarized. The characteristics of potash resources in China and the production technology, industry development were analyzed such as less potash resources, huge demand, potash of salt lake brine is a "live" and guarantee rate 60%. In the future, the global potash fertilizer market will maintain stable growth with optimistic prospect, but the excess capacity of potash fertilizer will exist for a long time, and the oligopoly situation cannot be changed due to the decision of resource endowment. Therefore we must stick to the combination of domestic exploration and technological innovation to strengthen domestic resource reserves. Adhere to industrial policy and mechanism innovation to stabilize potash production capacity and international competitiveness.