Potash Producers Contributing to Dead Sea Water Loss

Bloomberg reported that Israeli and Potash producers are tapping out the Dead Sea at an alarming rate, siphoning water for their potash production, prompting calls to scale back.

As quoted in the market report:

The salty inland lake bordering the nations dropped a record 1.5 meters (4.9 feet) over the last 12 months because of industry use and evaporation, the Hydrological Service of Israel said. That’s the steepest Dead Sea decline since data-keeping started in the 1950s. Half the drop was caused by Israel Chemicals Ltd. (ICL) and Jordan’s Arab Potash Co. (APOT), said Gidon Bromberg, Israeli director of the Friends of Earth Middle East.

To view the whole Bloomberg report, click here.