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On Jan. 5, Compass Minerals reported fourth quarter snow data and salt segment sales volumes. In the 11 representative cities across Compass' North American footprint in the U.S. and Canada, there were a combined 45 snow events, which was below the 49 events in the fourth quarter of 2019 but slightly above the 10-year average of 42 events.
Compass Minerals produces two primary products: salt and sulfate of potash, a specialty fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and salt brine operations at the Great Salt Lake in Utah. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's fertilizer products are used by growers of high-value crops that are sensitive to standard potash.
