Artificial intelligence can optimize many processes. Mining and agriculture are two examples.
The potash market is booming, and artificial intelligence is helping in agriculture. It can analyze soil nutrients and make fertilizer recommendations. The optimal time for fertilization and the best amount of fertilizer can be determined. In 2024, the potash fertilizer market was worth just under US$23 billion. By the end of 2037, it is expected to reach more than US$128 billion. The market for potash is growing because the world's population is growing, which is fueling demand for food. So, crop yields must also grow. Markets for potash fertilizers that will grow particularly strongly are the Asia-Pacific market and China. Potash fertilizer ensures better plant health, higher crop quality, and increased drought resistance. Potash can also improve storage and transportability. The largest producer of potash is Canada. Africa also has rich potash deposits, for example in mining-friendly Gabon.
Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ - has achieved encouraging drilling results at its Banio potash project there.
Artificial intelligence is being used successfully in more and more areas, including mining. There, it can reduce costs, ensure greater safety, and improve processes. The spectrum ranges from exploration to production. This includes the evaluation of large amounts of data and the control of drilling programs. Vehicles and conveyor systems can be automated, for example for crushing or separating ores. In the field of environmental protection, artificial intelligence can monitor emissions. This increases productivity and makes operations more efficient.
Among mining companies, Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - is particularly appealing with its Cabaçal project (copper, gold, silver) in Brazil, which has delivered excellent drilling results.
Current company information and press releases from Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -) and Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -).
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