ICL Group Ltd (NYSE:ICL) is among the best potash stocks to invest in right now. On March 18, ICL Group Ltd (NYSE:ICL) 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.
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This investment is part of the ICL Group’s strategy to increase production of specialty fertilizers in high-growth markets. ICL Group’s specialty fertilizer plant in India 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 has been serving the Indian market for over 30 years and now generates around $250 million in annual market revenue. This national facility is also expected to help India reduce its dependence on fertilizer imports, which are prone to disruption due to geopolitical tensions. For example, the Iran war has made shipping through the Strait of Hormuz corridor difficult, leading to supply delays and price increases.
In 2025, the company’s potash segment generated $1.71 billion in sales, increasing from $1.66 billion in 2024. The segment’s EBITDA was $552 million in 2025, compared to $492 million in 2024. ICL Group benefited from higher potash prices in 2025. It said its Potash per ton rose 22% year-on-year to $348 in the fourth quarter.
In December 2025, the ICL Group secured a contract to supply 750,000 tonnes of potash to Chinese customers over the period 2026 at a price of $348 per tonne. That contract includes an option to supply an additional 330,000 tons.
ICL Group Ltd (NYSE:ICL) is an Israeli multinational company that offers minerals and specialty chemicals. It extracts and processes thousands of tons of potash-based fertilizers annually from the Dead Sea in Israel, as well as from underground mines in Spain. It supplies major agricultural markets such as Brazil, China, India and Europe to improve crop yields and soil quality.
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