There are Five separate Potash projects aiming to produce Sulphate of Potash (SOP) from brine beneath WA salt lakes that are currently undergoing pre-feasibility studies.
ASX-listed companies looking to develop local potash projects include Agrimin, Australian Potash, Kalium Lakes, BC Iron and Salt Lake Potash.
Increasing consumption of fruits and vegetables, particularly in Asia, and a shortage of hydrochloric acid used in the manufacturing process has helped push up SOP prices in recent years and resulted in most new production coming from salt lakes.