8 Best Potash Stocks to Invest in Right Now

In this article, we will discuss the 8 Best Potash Stocks to Invest in Right Now.

Fertilizer supplies are under pressure amid disruptions to shipping routes due to the war in the Middle East. The war has already choked off big chunks of the world’s supply of ammonia, urea, sulfur, and phosphate. Therefore, the war-fueled surge in fertilizer prices is already sending potash stocks soaring on Wall Street, even as farmers face a tough choice heading into the planting season.

“While North American producers, like Nutrien and LSB Industries, are geographically insulated from fighting, the conflict has forced domestic spot prices higher as the spring planting season begins,” said Jefferies analyst Laurence Alexander.

As the Strait of Hormuz remains closed, Potash stocks have rallied amid the Middle East’s role as a key supplier of oil and gas derivatives, including nitrogen, a critical ingredient in many agricultural chemicals.

According to the Morgan Stanley team, 33% of the global ammonia, urea, phosphate, and sulfur products pass through the Strait of Hormuz. In addition, about 30% of the global fertilizer ships out through the Strait.

The supply shortage amid soaring demand has already pushed the North American fertilizer price index to $810 per short ton as of March 9, surpassing 2025 highs of $776.85 per short ton.

“Given the importance of the Middle East in global oil and feedstock markets, all chemicals value chains are impacted,” Mizuho analysts recently wrote. “Scarcity will drive near-term fertilizers prices up.”

The surge in potash stocks comes as investors bet that American fertilizer makers will take market share as output from Middle Eastern producers remains blocked. Similarly, investors expect American producers to enjoy  higher profit margins.

 With that in mind, let’s now look at the 8 best potash stocks to invest in right now.

Methodology

To come up with our list of the 8 best potash stocks to invest in right now, we used financial media reports and potash-related ETFs to identify companies that are involved in potash production or potash trade. Next, we used the Insider Monkey database to pick out 8 stocks with the largest number of hedge fund investors as of Q4 2025. Finally, the stocks are ranked in ascending order based on the number of hedge funds in them.

For this article, we scanned the Gates Foundation’s stock portfolio and picked its top 10 holdings. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

Best Potash Stocks to Invest in Right Now

8. ICL Group Ltd (NYSE:ICL)

Number of Hedge Fund Holders: 12

ICL Group Ltd (NYSE:ICL) is among the best potash stocks to invest in right now. On March 18, ICL Group Ltd announced that it was setting up a specialty fertilizer production facility in India. This plant will be based in the Indian state of Maharashtra and will be dedicated to the production of water-soluble fertilizers to serve the Indian market.

This investment is part of the ICL Group’s strategy to increase production of specialty fertilizer in high-growth markets. ICL Group’s India speciality fertilizer plant will adopt the same production model that the company currently uses in Israel.

ICL Group has seen stable demand for its products in India. It’s been serving the Indian market for more than 30 years, and now it generates around $250 million in annual revenue from the market. This domestic facility is also expected to help India reduce its reliance on fertilizer imports, which are prone to disruptions due to geopolitical tensions. As an example, the Iran war has made shipping through the Strait of Hormuz corridor difficult, leading to supply delays and price hikes.

In 2025, the company’s potash segment generated $1.71 billion in sales, which rose from $1.66 billion in 2024. The EBITDA for the segment was $552 million in 2025, compared to $492 million in 2024. ICL Group benefited from higher potash prices in 2025. It said its potash price per tonne rose 22% YoY to $348 in Q4.

In December 2025, ICL Group secured a contract to supply 750,000 tonnes of potash to Chinese customers during the 2026 period at a price of $348 per tonne. That contract includes an option to supply an additional 330,000 tonnes.

ICL Group Ltd is an Israeli multinational company that provides specialty chemicals and minerals. It extracts and processes thousands of tons of potash-based fertilizers annually from the Dead Sea in Israel as well as underground mines in Spain. It supplies major agricultural markets like Brazil, China, India, and Europe to improve crop yields and soil quality.

7. Intrepid Potash Inc (NYSE:IPI)

Number of Hedge Fund Holders: 20

Intrepid Potash Inc (NYSE:IPI) is among the best potash stocks to invest in right now. On March 4, Intrepid Potash Inc reported its Q4 2025 financial results. The report showed total sales rose to $75.9 million from $55.8 million in Q4 2024. Potash sales in Q4 2025 rose to $29.5 million, compared to $28.9 million in the same quarter in 2024.

The quarter was buoyed by strong potash prices, which jumped to $387 per ton, compared to $347 per ton in the prior-year quarter. That helped offset a slight decline in sales volume to 55,000 tons from 57,000 tons.

For the full-year 2025, potash sales came to $139.58 million, increasing from $124.83 million in 2024. The year was supported by increased sales volume, with the company shipping 289,000 tons compared to 240,000 tons shipped last year.

Looking ahead, Intrepid forecasts Q1 2026 potash sales volume in the band of 95,000 to 105,000. It anticipates the average price per ton in the range of $345 to $355.

Intrepid exited 2025 with $83.5 million in cash and cash equivalents and no debt. The company has a $150 million revolving credit facility.

Beyond fertilizer and salts, Intrepid is venturing into the lithium business. In another update on March 4, the company said its lithium project was progressing well, with its joint venture partners producing battery-grade lithium carbonate. This project is a big focus for the company in 2026.

Intrepid Potash Inc is a fertilizer manufacturer. It operates three mines in the western U.S. cities of Carlsbad, Moab, and Wendover. In the US, Intrepid Potash is the largest producer of potassium chloride (muriate of potash). The company also produces salt used in animal feeds and industrial applications.

6. Sociedad Quimica y Minera (NYSE:SQM)

Number of Hedge Fund Holders: 28

Sociedad Quimica y Minera (NYSE:SQM) is among the best potash stocks to invest in right now. On March 17, Sociedad Quimica y Minera announced that its board has proposed distributing 50% of its 2025 net income as final dividend. This proposal will be put to shareholder consideration at the company’s annual general meeting on April 23.

This board recommendation calls for a significant boost to the dividend payout. At present, the company’s dividend policy calls for the distribution of 30% of the net income. If the proposal passes, the dividend amount per share would be $1.02952, and it would be paid on May 14.

In 2025, SQM generated revenue of $4,576.2 million, compared to $4,528.8 million in the previous year. It posted a net income of $588.1 million, compared to a net loss of $404.4 million in 2024. The year was buoyed by strong volume sales in the lithium business and good pricing in the iodine business.

However, the Potassium business recorded a 42.6% decrease in revenue and a 53% decline in sales volume in 2025. SQM’s management had anticipated this decrease. Higher potash prices partially offset the decrease in sales volume. For 2026, potash sales are expected to drop 20%. SQM exited 2025 with $1.8 billion in cash and cash equivalents.

Sociedad Quimica y Minera, also known as SQM, is a Chilean mining company engaged in the production and supply of plant nutrients and industrial chemicals. It sells its specialty fertilizer products under various brands, including Ultrasol, Qrop, Speedfol, Ultrasoline, and Prohydric. The company was founded in 1926 and is headquartered in Santiago, Chile.

5. BHP Group Ltd (NYSE:BHP)

Number of Hedge Fund Holders: 29

BHP Group Ltd (NYSE:BHP) is among the best potash stocks to invest in right now. On March 25, BHP Group Ltd 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 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.

4. Nutrien Ltd (NYSE:NTR)

Number of Hedge Fund Holders: 36

Nutrien Ltd (NYSE:NTR) is among the best potash stocks to invest in right now. Nutrien Ltd has a Moderate Buy rating, with 9 buy, 6 hold, and 1 sell recommendations. The average 12‑month target from 16 analysts is $80.29 (high: $100, low: $62), suggesting an 8.96% upside from the current $73.69.

On March 26, UBS downgraded Nutrien Ltd to Sell from Neutral and raised its price target to $67 from $63. The firm noted the stock is up 19% year‑to‑date and 35% over the past year, but believes valuation reflects an overly positive view of potash fundamentals. UBS expects potash prices to decline starting in Q2 2026, keeping full‑year pricing flat versus consensus forecasts of increases.

UBS projects EBITDA estimates for 2026, 2027, and 2028 at 22% higher, 5% higher, and 4% lower than consensus, respectively. With flat potash pricing and less severe nitrogen market disruptions than currently priced in, UBS sees risk/reward skewed to the downside and views these factors as negative catalysts for Nutrien.

Nutrien’s Q4 2025 results came in weaker than expected. The company earned $0.83 per share, below the forecast of $0.92, and reported revenue of $5.34 billion, just under the $5.38 billion analysts had predicted.

Nutrien’s potash revenue increased 20% to $3.6 billion in 2025. Meanwhile, the company’s adjusted potash adjusted EBITDA rose 22% to $2.3 billion in 2025. This increase was supported by higher selling prices and strong sales volumes. Furthermore, the company disclosed that it mined 49% of its potash ore tonnes using automated processes. It said this helped strengthen its low-cost advantage.

Nutrien’s potash sales volume was 14.3 million tonnes in 2025. It’s targeting 2026 sales volumes in the range of 14.1 million to 14.8 million.

Last month, Nutrien CEO Ken Seitz said they were seeing strong fundamentals in the potash market and wanted to build on that momentum. Nutrien said global potash shipments rose to 74.5 million tonnes in 2025, marking a third year of consecutive growth. The company expects the growth to continue in 2026, forecasting global shipments between 74 million and 77 million tonnes.

Nutrien Ltd exited 2025 with $701 million in cash and cash equivalents. In 2025, the company spent $551 million to repurchase 2% of its shares outstanding. The company now plans to repurchase 5% of its outstanding shares.

Nutrien Ltd is a leading fertilizer company based in Saskatchewan, Canada. Saskatchewan is among the world’s top potash-producing zones. Nutrien is the world’s second-largest fertilizer producer. It operates more than 2,000 retail sites across the Americas and Australia. The company was formed in 2018 through the merger of PotashCorp and Agrium.

3. Rio Tinto PLC ADR (NYSE:RIO)

Number of Hedge Fund Holders: 38

Rio Tinto PLC ADR (NYSE:RIO) is among the best potash stocks to invest in right now. On March 26, SAGA Metals acquired the Garneau titanium property in Quebec from Rio Tinto PLC ADR’s Canadian unit. The site covers 120 claims across 64.5 sq. km in the Havre‑Saint‑Pierre complex, near Rio Tinto’s Lac Tio mine.

CEO Michael Garagan called the deal a strategic step, noting Garneau’s strong geophysical signature and similarities to Lac Tio, one of the world’s highest‑grade titanium operations. Lac Tio has been producing ore rich in hemo‑ilmenite for over 70 years, with titanium as the main product and iron and rare earths as byproducts.

Earlier on March 16, Rio Tinto announced that it had gained control of 2,400 acres of land in Arizona for a copper production project. It had been pursuing this land for many years, and finally got it for its Resolution Copper mine project after the courts ruled in its favor. The company plans an initial $500 million investment in the project.

This comes as the company is also developing the Albany potash project in Saskatchewan, Canada. The project is called CanPacific Potash, and it’s a joint venture of Rio Tinto and North Atlantic Potash.

Rio Tinto is exploring the solution mining technique for the CanPacific Potash project. This is a low-cost method compared to the traditional deep-shaft mining. Besides potash, Rio Tinto is known for its copper, aluminum, iron ore, and lithium operations.

In another update, Rio Tinto announced on March 11 that it had secured $1.2 billion in financing for its Rincon lithium project in Argentina. The project is targeting around 60,000 tons of annual battery-grade lithium carbonate production.

Rio Tinto PLC ADR is a leading global mining group engaged in mining and processing a variety of mineral resources. Its major segments are iron ore, aluminum, and copper. The company also produces gold, silver, and lithium. While headquartered in London, England, Rio Tinto has a large presence in Australia.

2. Archer-Daniels-Midland Co (NYSE:ADM)

Number of Hedge Fund Holders: 39

Archer-Daniels-Midland Co (NYSE:ADM) is among the best potash stocks to invest in right now. On March 9, Archer-Daniels-Midland Co announced the appointment of Michael McMurray to its board of directors. The company said that McMurray will serve on its Audit and Sustainability and Technology committees. ADM said McMurray brings the experience and skills to strengthen its board, saying McMurray has over 30 years of experience in financial and strategic leadership at global industrial companies.

McMurray previously served in senior roles at companies such as LyondellBasell Industries and Royal Dutch Shell. Juan Luciano, ADM’s CEO and board chair, said McMurray has a proven track record in business strategy and M&A.

On February 25, ADM representatives participated in the Bank of America 2026 Global Agriculture and Materials Conference. They used the platform to provide an overview of the company’s strategic initiatives, highlighting the company’s opportunities and concerns.

The conference heard that ADM expects a $100 million boost from the 45Z biofuel credit. However, the company notes that policy details around this matter remain unclear. Investors also heard that ADM has bolstered its South American operations with recent improvements to the Barcarena port facility and expansions in Brazil.

Archer-Daniels-Midland Co, commonly referred to as ADM, describes itself as a global agricultural supply chain manager and processor. The company gets its exposure to the potash business through its fertilizer distribution and supply chains. The company has an offtake agreement to purchase 100% of potash production from a Western Potash’s Milestone project in Canada.

1. Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 54

Mosaic Company (NYSE:MOS) is among the best potash stocks to invest in right now.

On March 26, UBS downgraded Mosaic Company to Neutral and cut its price target to $27. The firm said phosphate margins are under pressure from higher sulfur and ammonia costs, but it also warned about potash. UBS expects new supply later this decade to weigh on potash prices, keeping them below normal levels.

While phosphate markets remain tight and prices are high, UBS believes rising input costs will squeeze margins. For potash, the outlook is steadier in the short term, but long‑term oversupply could weigh on Mosaic’s earnings. In short, UBS sees limited upside for Mosaic because potash pricing may not stay strong enough to drive growth.

Earlier on March 19, BofA Securities downgraded Mosaic Company stock rating to Neutral from Buy and lowered the price target to $30 from $33. The equity research firm said the primary reason for this downgrade was delayed margin expansion. According to BofA, the Iran war is pushing up the costs of raw materials, which is creating a challenging profit environment for companies like Mosaic. Given the prevailing circumstances, BofA believes margin expansion at Mosaic Company is more likely to happen in 2027 rather than sooner.

BofA Securities highlights headwinds from the Middle East conflict, Mosaic Company is looking for new growth opportunities. On March 11, Mosaic said that its rare-earths joint venture was advancing well, and that the project was now entering the prefeasibility study after completing a preliminary economic assessment.

This project is called the Uberaba rare-earth project and is based in Brazil. Definitive feasibility study of the project is expected to begin later in the year, and construction of the production facility is expected to start in 2027.

Mosaic Company is an American multinational chemical company. It mines phosphate and potash, which it uses to produce fertilizer and animal feeds. It mines potash in Saskatchewan and New Mexico and phosphate in Florida. Mosaic Company is the largest producer of potash and phosphate fertilizers in the US. The company operates an international distribution network.

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