IPI
- Intrepid Potash, Inc.
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Overview
Company Summary
Intrepid Potash, Inc. (IPI) is primarily engaged in the production and sale of potash and salt products. Potash refers to a type of potassium-rich salt that is used primarily as a fertilizer in agriculture. It is a crucial nutrient for plant growth and crop yields. Intrepid Potash extracts and processes potash, which is then sold to farmers and other agricultural clients.
The company operates three active potash mines located in New Mexico and Utah. These mines extract potash ore, which is then processed to produce multiple potash products. Intrepid Potash offers various grades of granular and standard potash, which cater to different agricultural requirements.
In addition to potash, the company also produces salt products. They have a solar evaporation salt production facility located in Utah that extracts salt from underground deposits. This salt is used for various applications, including road de-icing, water softening, and industrial use.
Intrepid Potash primarily serves customers in the United States, with its products being used to enhance crop nutrition and soil fertility in agricultural operations. The company supplies its products directly to farmers, as well as through distributors and retailers.
Overall, Intrepid Potash plays a crucial role in the agricultural industry by providing essential potash and salt products that support sustainable and efficient food production. By ensuring the availability of these key nutrients, the company contributes to the growth and productivity of the agriculture sector.