Haifa Chemicals declared that it’s shutting down its plants in Haifa and Mishor Rotem, and sending 800 workers home, because its raw materials that is Potash which forms a central cost have become unaffordable and its price has risen by more than 600% in the last five years, to more than $600 per ton. For [...]
Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company which produces approximately 9% of world’s potash, announced results for the fourth quarter and full year ended December 31, 2008. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News With spring planting around the corner, many potash companies are hoping that sales of the fertilizer component will pick up, after the economic conditions over the winter have sent share values in a tail spin. Top fertilizer producers Agrium Inc (TSX: AGU) and Potash Corp of [...]
Israel Chemicals rises 5.6%, in the wake of gains by many of its international peers, especially Potash Corporation of Saskatchewan Inc., which owns 11% of Israel Chemicals, has risen 25% in the past few trading sessions. For full story, click here
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