BHP Group Ltd (BHP) Developing Massive Potash Project Amid Supportive Environment

BHP Group Ltd (NYSE:BHP) is among the best potash stocks to invest in right now. On March 25, BHP Group Ltd (NYSE:BHP) flagged tightening potash supply as demand grows 2–3% annually and new projects remain limited. The company sees the market moving into deficit by 2035, with geopolitical risks adding pressure. Its Jansen project in Saskatchewan is key, set to start in mid‑2027 and ramp to 4.1 million tons within two years, with a second phase lifting output to 8.5 million tons early next decade.

Brazil, which accounts for about 20% of global demand, is a major target market, alongside Asia, India, and the US. BHP admitted costs for Jansen’s first phase rose to $8.4 billion, but still views potash as a long‑term growth pillar, calling it “the iron ore of the future.”

On March 18, Reuters reported that BHP Group’s newly appointed CEO, Brandon Craig, plans to focus on organic growth of the company’s four main businesses: copper, iron ore, potash, and coal. Craig’s appointment takes effect on July 1.

According to the report, Craig has been leading BHP Group’s Americas division, which is seen as the company’s most important business in the years ahead. The report further noted that tensions with China have made Western governments more supportive of mining for critical materials. Looking ahead, Craig wants to focus on strengthening relationships with governments and customers.

BHP Group Ltd (NYSE:BHP) is an Australian multinational mining company. It mines and sells iron ore, copper, coal, and other materials. It’s also engaged in the production of nickel, uranium, and a variety of other minerals. The company is diversifying into the potash business to capitalize on the huge demand in that market.

BHP is making potash a core growth focus through its massive Jansen project in Saskatchewan. The company is investing $10.5 billion to build a capacity of up to 8.5 million tons annually when fully developed. Jansen is being built in stages, with the first phase (JS1) already 75% complete and expected to start production by mid‑2027, while the second phase (JS2), now 14% complete, is slated for first output in 2031.

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READ NEXT: 10 Robinhood Stocks with High Potential and 10 Popular Penny Stocks on Robinhood to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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