Potash Investing News spoke with Farhad Abasov, president, CEO and director of Allana Potash, who shed some insight on the significance of the ICL strategic alliance and the current potash market.
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Recently, Resource Investing News spoke with Kiril Mugerman, an analyst with Industrial Alliance Securities about the state of the current potash market. Potash investors will be interested to know that despite the overhanging doom and gloom sentiment felt in the market, there have been some indicators pointing to a recovery on the horizon.
Shares of Western Potash spiked today, fueled by rumors that the development and acquisitions company could be at the center of a bidding war.
It was only a matter of time before another deal was done in the potash market.
This week, Uralkali announced that it has signed a supply contract with China for $305 per metric ton, a 24-percent discount to the previous year.
It’s time to say goodbye to 2013. But before we go, here’s what you should expect from the 2014 potash market.
Reuters reported that Sinochem has extended an agreement to buy potash from Canpotex, North America’s potash marketing arm, by one year
Brazil and Chile are the leading potash producers in South America. Here’s a look at some of the projects in those countries as well as the companies operating them.
Gensource Potash Corp. (TSXV:GSP) announced that it has terminated a binding term sheet with Canada Potash Corp. as a result of “technical challenges, difficult market conditions and a desire by Gensource to resume trading as soon as possible.” The agreement had contemplated a reverse takeover.
Reuters reported that U.S. fertilizer giant, Mosaic Co, cut its outlook for the 2013 global potash shipments citing weaker demand in India and a delay in setting a second-half contract between Canpotex and China’s Sinofert Holdings.