The Importance of the Chinese Import Market The Chinese import market is key to export oriented large scale solar salt producers in India, Australia, and Mexico. Four projects are currently under way in Australia at different stages (K+S Group – Ashburton, BCI Minerals – Mardie Salt and Potash, Leichhard Industrial Read more…
In a blogpost in early December last year, I wrote about the potential future use of salt batteries in electric vehicles and stationary energy storage. I also provided estimates on potential future salt use in batteries: https://saltmarketinfo.com/salt-based-batteries-5/ Battery Storage Capacity in EV’s and Stationary Energy Storage is Growing Faster Than Read more…
Q3 2022 Results of Olin and Westlake Olin and Westlake, two of the largest US chlor-alkali producers published their Q3 2022 results. Both show the same patterns: Olin and Westlake increased sales revenues and income from their chlor-alkali products in the first 9 months of 2022. Both companies mention higher Read more…
Compass Minerals Reports 2022 Results and 2023 Outlook End of November, Compass Minerals reported its fiscal year 2022 results, and its 2023 outlook. Salt segment sales have increased by 9%, versus the comparable year-over-year period[1]. Growth was driven by a 15% increase in sales volumes and a 3% increase in Read more…
When I looked up recent Japanese chlor-alkali statistics, I expected to see a decline, similar to the European production discussed in the previous blog-post https://saltmarketinfo.com/the-european-energy-crisis-is-impacting-the-salt-market/. As in Europe, natural gas has an important share in the Japanese electricity production. To my surprise, the rising cost of LNG in Japan has Read more…
Recent historical surges in electricity prices around the world, particularly in Europe during 2021 and in the first quarter of 2022, have emphasised the role of electricity markets in the effective functioning of industry and society. The strong correlation between electricity prices and carbon based fuels is a major concern Read more…
The chemical industry accounts for almost 90% of the Chinese salt market. In recent years, average growth rates of the two main chemical end use segments, chlorine/caustic soda, and soda ash remained on average below GDP growth. Reported production of raw salt shows a constantly decreasing trend, and increasing imports Read more…