Intrepid Potash Q2 Profit Beats Estimates
Reuters reported that increased potash demand boosted profits for Intrepid Potash (NYSE:IPI).
Reuters reported that increased potash demand boosted profits for Intrepid Potash (NYSE:IPI).
Wall Street Journal reported that people who race on the Bonneville salt flats blame potash miners for the deterioration of the area.
Mining Weekly reported on the surge in potash demand to near-record levels.
The stocks of potash producers are predicted to outshine those of more nitrogen focused companies, due to what brokerage firm Goldman Sachs calls “peaking corn prices.” In a statement issued this past Monday, Goldman Sachs (NYSE:GS) noted that the current corn price of $6 to $7 per bushel is unsustainable.
The share prices of many potash and phosphate producers are battle-scarred this week, as instability in the Middle East and Africa has sent markets on a tailspin. One of the key markets impacted by the turmoil is the grain markets.
Intrepid Potash, Inc. (NYSE:IPI) announces preliminary sales and production results for the fourth quarter 2010 and provided an update on its capital investment program.
By Leia Michele Toovey- Exclusive to Potash Investing News Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to US$ 1,000 per tonne, from $150. Currently, [...]
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 [...]
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