- Agrimin (AMN) has signed a binding offtake agreement with Sinochem Fertiliser Macao, a subsidiary of China’s major potash importer, Sinofert Holdings
- The 10-year deal will see 150,000 tonnes per annum of sulphate of potash (SOP) produced from Agrimin’s Mackay Potash Project in Western Australia
- The offtake agreement also covers one-third of Agrimin’s planned SOP production of 450,000 tonnes per annum
- Notably, this is the largest offtake volume for any Australian SOP project
- China is the world’s largest SOP market and currently accounts for more than half of the world’s SOP demand
- On the market this afternoon, Agrimin is up 5.88 per cent and is trading at 54 cents per share
