Latest news with #ammonium
Yahoo
5 days ago
- Business
- Yahoo
NioBay Metals starts first product deliveries from Quebec's Crevier project
NioBay Metals has announced the commencement of its first niobium and tantalum oxides product deliveries from the SGS pilot plant in Québec City, Canada. The initiative is supported by a grant from the Ministère des Ressources naturelles et des Forêts under the Mining Exploration Support Programme for Critical and Strategic Minerals. The Crevier Project, situated around 50km north of Girardville and 150km from the Niobec mine, is in the Nitassinan, the ancestral territory of the Pekuakamiulnuatsh First Nation. The grant, aimed at demonstrating the concentration process of niobium-tantalum on a pilot scale, has enabled NioBay to validate the robustness of its processing diagram. NioBay Metals announced that the initial shipment to a prospective customer or collaborator will enable the company to confirm that its product meets the necessary standards demanded by its clientele. This initial shipment is part of a series, with more deliveries expected throughout the month to other interested parties. The company is also engaging with research partners including Université Laval, CENET and URSTM to distribute the concentrate for testing alternative methods of producing niobium ammonium oxalate (ANO). For now, the Crevier project's focus remains on producing niobium oxide for battery manufacturers and tantalum oxide for high-tech applications. NioBay president and CEO Jean-Sébastien David said: 'We have just brought the Crevier Project to a new level in its history. These first deliveries to Europe are just the beginning. Consumer trials will allow us to continue the dialogue and work with these potential customers to deliver a product that meets their requirements. We hope our shareholders will be proud of this progress and we thank them in advance for their support.' In addition to the Crevier project, NioBay holds complete ownership of the James Bay niobium project in Ontario and a 72.5% stake in the Crevier niobium and tantalum project in Québec. The company also has an option to acquire an 80% interest in the Foothills titanium-phosphate project near Québec's former St-Urbain mine site. "NioBay Metals starts first product deliveries from Quebec's Crevier project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
7 days ago
- Business
- Yahoo
Global Market Set to Grow from $14.54B in 2024 to $19B by 2030
Liquid fertilizers, known for their rapid nutrient absorption and efficient application via techniques like fertigation, are preferred to boost crop yields amidst rising food security concerns. Key market growth drivers include advanced farming techniques, increasing demand for high-value crops, and supportive government policies. Challenges such as high handling costs exist, but technological innovations in fertilizer compositions and delivery systems present significant growth opportunities. Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Liquid Fertilizers Market: Analysis By Type, By Crop Type, By Production Process, By Application, By Region Size and Trends with Forecast up to 2030" has been added to offering. The global liquid fertilizers market was valued at US$14.54 billion in 2024. The market value is expected to reach US$19.00 billion by 2030. In the forthcoming years, the global liquid fertilizers market is expected to continue growing due to several converging trends. One key factor is the rising demand for high-efficiency fertilizers that support increased agricultural productivity amid growing food security concerns. Liquid fertilizers, known for their rapid nutrient absorption and compatibility with advanced farming techniques such as fertigation and precision agriculture, offer a more targeted and efficient solution compared to traditional granular alternatives. This aligns with the global emphasis on optimizing resource use and improving crop yields. The increasing cultivation of high-value crops, along with the need for balanced nutrient application and soil health management, is further driving the adoption of liquid fertilizers across diverse agricultural regions. Technological advancements in formulation and delivery methods are also enhancing the performance, shelf life, and ease of application of these products, making them more accessible and cost-effective for farmers. Moreover, supportive government policies promoting sustainable farming practices and efficient fertilizer use, particularly in emerging economies, are accelerating market expansion. Together, these factors position the global liquid fertilizers market for steady growth in the years ahead. The market is expected to grow at a CAGR of approx. 4% during the forecasted period of 2025-2030. Market Segmentation Analysis: By Type: The report provides the bifurcation of the liquid fertilizers market into four segments on the basis of type: Nitrogen, Phosphorus, Potassium and Others. The nitrogen segment holds a significant share of the global liquid fertilizers market due to its essential role in plant growth, particularly in enhancing chlorophyll production and boosting crop yields. Its dominance is supported by the widespread use of nitrogen-based fertilizers like urea ammonium nitrate (UAN) across major crops. In the coming years, the segment is expected to grow further, driven by the rising adoption of precision farming, fertigation techniques, and increasing focus on soil fertility and balanced nutrient management. By Crop Type: The report provides the bifurcation of the liquid fertilizers market into four segments on the basis of crop type: Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses and Other. The cereals & grains segment held a significant share of the global market, primarily driven by the high global demand for staple crops like wheat, rice, and corn, which require substantial nutrient inputs for optimal yield. The increasing need to enhance productivity on limited arable land and the widespread use of liquid fertilizers in large-scale cereal cultivation are key contributors. In the coming years, rising food security concerns, population growth, and the adoption of advanced farming techniques are expected to further boost the use of liquid fertilizers in this segment. By Production Process: The report provides the bifurcation of the liquid fertilizers market into two segments on the basis of production process: Synthetic and Organic. The synthetic segment holds the largest share in the market due to its high nutrient concentration, immediate availability to crops, and consistent performance, making it ideal for large-scale and conventional farming operations. Synthetic liquid fertilizers are widely used due to their cost-effectiveness, ease of application, and compatibility with precision agriculture systems. In the coming years, market growth is expected to be supported by rising food demand, intensive cultivation practices, and technological innovations aimed at improving nutrient efficiency and minimizing environmental impact. By Application: The report provides the bifurcation of the liquid fertilizers market into four segments on the basis of application: Fertigation, Foliar, Soil and Others. Fertigation emerged as the largest segment globally, primarily driven by the rising adoption of drip and sprinkler irrigation systems, which allow for precise and efficient delivery of nutrients directly to plant roots. Fertigation enhances nutrient uptake, reduces wastage, and supports water conservation, making it highly suitable for modern and high-efficiency farming practices. This segment is poised to grow further, driven by the increasing focus on sustainable agriculture, rising demand for high-value crops, and government support for advanced irrigation infrastructure, particularly in water-scarce regions. By Region: In the report, the global liquid fertilizers market is divided into four regions: North America (the US, Canada, and Mexico), Europe (Germany, UK, France, Spain and Rest of Europe), Asia Pacific (China, Japan, India, Australia, and rest of Asia Pacific), and Rest of the World. In 2024, the Asia Pacific region led the liquid fertilizers market, propelled by the region's large agricultural base, increasing population, and rising food demand. The widespread adoption of intensive farming practices, coupled with government initiatives promoting modern irrigation and fertilization techniques, has significantly boosted the use of liquid fertilizers. The region also benefits from expanding cultivation of high-value crops and growing awareness of sustainable agricultural practices. Continued investment in agricultural infrastructure, along with increasing adoption of precision farming and fertigation systems, is expected to further drive market growth in Asia Pacific in the coming years. During 2025-2030, the US is forecasted to maintain its lead within the North America liquid fertilizers market, due to its large-scale commercial farming operations, high adoption of advanced agricultural technologies, and strong demand for high-efficiency fertilizers. The widespread use of precision farming, fertigation systems, and GPS-based application tools enhances the effectiveness of liquid fertilizers. Additionally, continued investment in research, supportive government policies, and the expansion of high-value crop cultivation are expected to further strengthen the US market during the forecast period. Competitive Landscape: The global liquid fertilizers market is moderately consolidated, with a combination of major agribusiness corporations and emerging regional players competing across various segments. These companies use strategies such as innovation, strategic partnerships, capacity expansion, new product launch and commercialization to strengthen their position in the market. For instance, in March 2024, EuroChem opened a new phosphate fertilizer production facility in Serra do Salitre, Brazil, with an investment of US$1 billion. The facility features advanced technology for integrated phosphate production, including reduced water consumption and a self-sufficient water circuit for clean energy generation. Similarly, in August 2024, Rallis India Limited launched AQUAFERT fertigation Tomato, a water-soluble fertilizer aimed at boosting tomato yields. Available in three grades for different growth stages, it is designed to enhance vegetative growth, crop durability, and leaf health. Key Topics Covered: Market Dynamics Growth Drivers Increasing Global Population and Food Demand Rising Emphasis on Precision Agriculture Growing Demand for Organic Food Products Shrinking Arable Land Environmental Regulations Fueling Eco-Friendly Fertilizer Demand Shift Towards Sustainable Agricultural Practices Challenges High Handling and Storage Costs Geopolitical Factors and Supply Chain Disruptions Environmental Compliance and Regulatory Barriers Market Trends Integration of Smart Farming Technologies Rise of Bio-Stimulants and Organic Fertilizers Advances in Fertilizer Formulations and Delivery Systems Upsurge in Product Innovation Technological Innovations in Liquid Fertilizers Customization of Fertilizer Blends Based on Crop and Region Company Profiles Yara International ASA Nutrien Ltd. ICL Group Ltd. K+S AG The Mosaic Company CF Industries Holdings, Inc. Sociedad Quimica y Minera de Chile Coromandel International Limited Compass Minerals International, Inc. BASF SE EuroChem Group AG Haifa Group AgroLiquid For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
