Vale SA (NYSE:VALE), a Brazilian mining company, announced that it will postpone projects int he conceptual phase due to the economic climate.
Articles Tagged "economy"
By Leia Michele Toovey- Exclusive to Potash Investing News Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to [...]
Saskatchewan’s economy is dwindling significantly from last year’s robust, nation-leading 3.4-per-cent growth to mild, but is still nation-leading, 0.9 per cent in 2009. This is because potash companies are laying off miners by the thousands and shutting down operations but the process is only temporarily and will last long as needed to prop up potash [...]
By Leia Michele Toovey- Exclusive to Potash Investing News It is no mistake that the US led the world into the current economic crisis. The power to lead the world out rests in the hands of the Asian economies, especially China. Chinese demand is a major driving force; it has the ability to push the [...]
By Leia Michele Toovey- Exclusive to Potash Investing News In 2007 and 2008, a perfect storm of events led to record high fertilizer prices. The rapidly expanding world economy in these two years led to an increase in worldwide grain production. Expanding grain production increased demand for fertilizer. Record natural gas prices ushered in record high [...]
By Leia Michele Toovey- Exclusive to Potash Investing News. Fertilizer prices are finally falling, but not enough to coax farmers into big purchases for the spring planting. The worldwide financial crisis has them rationing their use of stored inventory. The steep decrease in crop prices have left farmers with less money to purchase fertilizer, shifting [...]
It’s important to take a long-term view of the industry, especially when it comes to key minerals such as potash. 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 [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Brokerages UBS and Scotia Capital have both recently cut their price targets on fertilizer giants Potash Corp. of Saskatchewan (TSX: POT) and Agrium Inc. (TSX: AGU). These cuts are based on the reduced price tags on potash, diammonium phosphate, and urea fertilizers. USB cut its price [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News The Potash Corporation of Saskatchewan (TSX: POT) has been fairly unpredictable for the past two weeks. It has ranged anywhere between US$164.80 to US$143.40 per share. Closing on the weekend, it seems to be on its way back up. The company believes it is heading into a [...]