By Leia Michele Toovey-Exclusive to Potash Investing News Slow demand, and high inventories have prompted potash producers to issue further output cuts. Late Tuesday, Potash Corp of Saskatchewan ( NYSE: POT), the world’s largest potash producer, said that it will reduce its potash output because of low demand; the following day, producer K+S Ag announced that [...]
Continue reading "Potash miners announce further cutbacks"
Tuesday, May 26, 2009
By Leia Michele Toovey-Exclusive to Potash Investing News As the recession spread across the globe, the value of crops plummeted and equity froze, forcing farmers into delaying applications of much needed fertilizer to their fields. This postponement has set the stage for the potash industry to boom. Farmers may skip using potash fertilizer for a year [...]
Continue reading "Recession leaves farmers between a rock and a hard place"
Thursday, March 19, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News According to the latest data form the Fertilizer Institute, potash inventories at North American producers are 42 per cent higher than the previous five-year average. North American potash shipments in the month of February were down 80 per cent from the same month period a year earlier. This [...]
Continue reading "Steady potash stockpiles fuel production cuts"
Thursday, February 5, 2009
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 record high,” [...]
Continue reading "Potash prices at record high"
Thursday, December 11, 2008
By Leia Michele Toovey- Exclusive to Potash Investing News. If there was a bright spot in the commodities market in 2008, it would have to be Potash. Potash prices are up significantly compared to last year, and despite an expected short-term credit crunch, the long-term outlook is for growing demand. Potash companies have been under fire recently [...]
Continue reading "Are potash giants guilty of collusion?"
Friday, November 28, 2008
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 Saskatchewan [...]
Continue reading "Fall’s economy freezes potash shares"
Friday, November 14, 2008
By Leia Michele Toovey- Exclusive to Potash Investing News Potash Corp shares rose 3 per cent to $85.99 on the Toronto Stock Exchange on Thursday after the company said it earned more in the third quarter than it did in all of 2007, its record year. Profits climbed five-fold to $1.24 billion, or $3.93 per share, up [...]
Continue reading "Potash gains investor confidence"
Wednesday, November 5, 2008
Potash prices rise, despite decline in the Metals & Minerals Index, which lost lost 9.7 % since the July 2008. According to a report: Average spot potash prices (FOB Vancouver) climbed from US$802.50 per tonne in August to a new record of US$862.50 in September and were stable in mid-October at about US$865 (at US$1,000 cfr in many [...]
Continue reading "Potash up, despite fall in Metals & Minerals Index"
Wednesday, October 29, 2008
The concentrations of potash and lithium in the samples are important as many are comparable to or higher than the brine concentrations reported in world class producing mines. For full story, click here
Continue reading "Updates from Latin American Minerals’ Potash-Lithium Project"
For upcoming potash investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Monday, June 22, 2009