The world's population continues to grow and needs raw materials
(PresseBox) - Whether potash for crop cultivation and supplying the population with food or decarbonization, there is a lot to do.
The global market for fertilizers was estimated at a good USD 201 billion in 2022. According to forecasts, it is expected to reach around 277 billion US dollars by 2031. Around 12 percent of the earth's surface is used to grow crops. The fertilizer market is dependent on population growth - and the global population will continue to grow. In mid-2024, around 8.2 billion people populated the earth. By comparison, around 2.5 billion people lived on our planet in 1950. According to United Nations forecasts, the world's population will grow to around 10.3 billion by 2080. It is therefore necessary to increase crop production, as arable land is declining in many regions of the world. This is caused by increasing urbanization and industrialization on earth. Potash is one of the important nutrients. Without potash, the other nutrients cannot be used properly. Plants need potash to form starch and sugar.
Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ - takes care of potash supplies in Gabon, Africa, a mining-friendly country, in its Banio potash project.
In addition to an adequate supply of food, the goal of decarbonization is a dominant topic in many areas of life. The move away from fossil fuels can only succeed with the right raw materials.
It is mining companies like Foran Mining - https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ - that want to produce the raw materials they need in a safe and sustainable way. The company's projects are located in Saskatchewan, Canada, one of the world's best mining jurisdictions, and they contain copper and zinc and even gold and silver as by-products. Zinc is used in automotive manufacturing, construction, as an alloying material and in mechanical engineering. Copper is used in electrical engineering (cables and wires), renewable energies and electromobility, as well as in the construction industry.
Current company information and press releases from Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -) and Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -).
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Datum: 12.12.2024 - 11:45 Uhr
Sprache: Deutsch
News-ID 715207
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