11 Best Potash Stocks to Buy According to Hedge Funds

6. BHP Group (NYSE:BHP)

Number of Hedge Fund Holders: 22

BHP Group (NYSE:BHP) is one of the largest mining companies in the world, producing a diverse range of resources, including potash. The company is developing the Jansen Potash Project in Canada, which is expected to become one of the world’s largest potash mines upon completion. BHP Group’s (NYSE:BHP) potash operations focus on meeting the growing demand for fertilizers to support global food security.

BHP Group’s (NYSE:BHP) growth strategy in potash is centered around the Jansen project, which is expected to enter the market at the low end of the global cost curve. The Jansen potash project is a significant investment for the company, with Stage 1 of the project ahead of schedule and expected to commence production in late 2026. The project has the potential to create value for many decades and will position BHP Group (NYSE:BHP) as a major player in the global potash market. The company has already signed non-binding sales agreements for all potash production from its Jansen potash project and plans to convert these agreements into binding contracts within 12–18 months.

BHP Group (NYSE:BHP) also plans to expand the project in future stages, which could potentially lead to significant increases in production and revenue. The company’s focus on potash is driven by the attractive long-term fundamentals of the market, with global demand expected to grow by around 70% by 2050. In addition to the Jansen project, BHP Group (NYSE:BHP) is also exploring other opportunities to grow its potash business. The company’s investment in potash is a key part of its strategy to diversify its portfolio and reduce its reliance on commodities such as iron ore and coal.