Observations on the 2023/2024 North American road salt season

In early April 2024, a spokesperson of Morton Salt confirmed the layoff of workers at Windsor Salt Ojibway Mine. The key factor to this decision are unfavourable weather conditions leading to soft customer demand.
The decision reflects reports of record warm winters in Toronto and Michigan. https://www.cbc.ca/news/canada/toronto/warmest-winter-toronto-1.7137642 https://www.glc.org/dailynews/20240313-salt-reduction

For the whole of North America, the 2023 2024 winter season looks rather positive from the perspective of salt companies. In February, Compass Minerals had presented their quarterly results for the first part of the winter season. De-icing salt sales had been slightly lower than in the previous year’s quarter, but the higher price helped to increase operating earnings.
The 2023 – 2024 winter season promises to be inline with the trend of previous years. Volumes are decreasing slightly on the average of past years, whereas prices continue to climb.

In the light of an overall satisfactory situation of North American road salt market, the decision of Morton salt may already reflect on the expected competition from the Atlas salt mine in Newfoundland. Atlas salt has just published a presentation of its project with a promising outlook. https://atlassalt.com/wp-content/uploads/2024/04/AtlasSalt_20240404.pdf


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