By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices have soared in recent years. What was once a commodity worth about $200 a tonne is now expected to fetch $1,500 by 2020. According to Scotiabank economist Patricia Mohr potash purchasers are currently paying US$872.50 per tonne at the port of Vancouver. “It is at a [...]
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 Migao Corporation (TSX: MGO), a China-based company that processes potash into specialty potash-based fertilizers for the Chinese market, recently announced large purchase orders. The company will supply 50,000 tonnes of potassium sulphate to its wholly-owned subsidiary Guangdong Migao. By January 30, 2009, the product will be transported by [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News The TSX main index made a turn-around from its bearish outlook on September 10. Commodities played a part in this bounce-back after a string of bad sessions. Potash Corp. of Saskatchewan (POT: TSX) made a 2.2 per cent gain to nearly US$153 per share and is [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp of Saskatchewan (TSX: POT) has stopped production at its Cory mine because of a strike that started last week. The strike began after the company’s mediated talks with the United Steelworkers union broke off August 7. No further talks have been scheduled with the [...]
Potash Corporation of Saskatchewan (TSX: POT) dropped 12.8 per cent or $26.49 to $180.50 per share. This is the most in almost eight years. However, Potash Corp., the largest producer of potash, the second largest producer of nitrogen and the third largest phosphate producer in the world, provides these much needed plant nutrients to farmers [...]
POTASH CORP-UNION AGREE ON MEDIATOR, SHARE PRICE ON THE UP AGAIN By Daniella D’Alimonte – Exclusive to Potash Investing News The cost of oil is bringing about an increased demand for alternate forms of energy, namely bio-fuels. This, in turn, creates an increased demand for agricultural plantings and the use of potassium-based fertilizers. Thus, potash’s status [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp. of Saskatchewan Inc. (TSX: POT) felt the effects of a downward commodities slide as it dropped another 1.9 per cent July 18 lowering its price to US$211.16 per share. However, analysts are very bullish about this venture. The company announced plans to increase capacity [...]
Prices for potash, a commodity used in fertilizers as well as cement production, are continuing to rise. “These new and higher price levels are supported by continued strong offshore potash demand and by the historically low potash working inventories that have resulted from record demand this year,” Potash Corp said on its website. As developing [...]
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to be found. Thousands of investors all over the world lost billions of dollars and [...]
Get our independent commentary on potash trends and companies delivered to your inbox.
