China will try to supply 80% of its potash fertilizer demand by 2015, said an industry expert. The 80% ratio will make China immune from international monopolies, according to Liu Fuchang, secretary of potash division of the China Inorganic Salt Industry Association, who revealed the development plan for the industry through 2015 was being drafted and would be released in January 2011. China started importing potash fertilizers in the 1970s, with potassium chloride, potassium sulfate, potassium nitrate and potassium compound fertilizers being the major imports. It is projected imports will amount to four million tons this year. “There is always a shortfall between demand and domestically made potash fertilizers in China, but the gap is narrowing,” said Liu. “The government has spent ¥50 million exploring potash ore so far this year and we have discovered some potential deposits in Sichuan, Xinjiang and Yunnan provinces.” China has been using roughly six million tons of potash fertilizers a year since 2004, with 2007 peaking at 8.3 million tons. The nation’s potash fertilizer capacity and actual output in 2010 is expected to hit 3.9 million tons and 3.5 million tons respectively, said Liu’s assistant Qi Shaoying. In the next five years, the government will also support producers that will develop mines overseas such as in Laos, Congo and Canada to complement domestic supply, added Qi.

 

Source: http://finance.qq.com/a/20101116/000019.htm

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