Potash to Play Major Role in Saskatchewan GDP Growth Through 2014

Mining Weekly reported that a projected increase in global potash demand will contribute to boosting Saskatchewan’s GDP by 2.9% in 2013 and 3.7% in 2014.

As quoted in the market report:

In 2012, RBC’s forecast for provincial growth declined steadily to 2.4%, as demand for potash – and, in turn, potash production – softened mostly as a result of weak overseas demand. However, with multiyear sales agreements settled late last year and early this year with a number of critical international buyers, such as India and China, demand has started to pick up.

To view the whole Mining Weekly report, click here.