By Leia Michele Toovey- Exclusive to Potash Investing News For the past few weeks, I have finally been able to share good news about potash, and now, even more signs are pointing towards a revival in the market. The latest news, this Monday, Canpotex, the marketing arm for North American potash producers, finally inked a [...]
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 China, the world’s largest consumer of potash, will reportedly seek lower prices for the fertilizer component just weeks after the ink dried on the contract between India and International Potash Company (IPC), the marketing arm of Russia’s biggest potash producer, for $460 per tonne. As reported [...]
Belarussian Potash Co denied it had agreed to supply the soil nutrient to India at a below-market price of $460 per tonne and said the two sides were still in negotiations over price. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices are poised to drop about 25 per cent, after Russia’s Silvinit set a precedent by undercutting fellow potash producers by setting a long term contract with India at a record low of $460 per metric tonne. International Potash Co, the marketing arm of Russia’s [...]
Belarussian Potash Co. has denied it had agreed to supply the soil nutrient to India at a below-market price of $460 per tonne and said the two sides were still in negotiations over price. For full story, click here
It is always refreshing to see mining companies continuing their exploration work, regardless of the market direction. Those who own better projects naturally greet markets with encouraging results. For full story, click here
Potash Corp of Saskatchewan Inc, the world’s leading fertilizer producer, cut its second-quarter earnings targets on Thursday, due to substantially lower than expected potash sales volumes, sending shares dipped 7.8 percent in after-market trade. For full story, click here
Intrepid Potash, Inc. has scheduled to release second quarter 2009 financial results after the market close on August 6, 2009. The teleconference call to discuss second quarter 2009 results is scheduled for August 7, 2009, at 7:30 a.m. MDT. For full story, click here
Demand and prices for potash, a key component in fertilizers, will rebound briskly in 2010, forecasts Bill Doyle, CEO of Saskatchewan-based Potash Corp., speaking this week at a RBC Capital Markets’ global mining and materials conference. For full story, click here
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