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Contact SupplierPotassium Nitrate is a crystalline salt, KNO3; a strong oxidizer used especially in making gunpowder, as a fertilizer, and in medicine. NCI Thesaurus (NCIt) Potassium nitrate is the inorganic nitrate salt of potassium. It has a role as a fertilizer. It is a potassium salt and an inorganic nitrate salt.