The underlying structure of the potash market is changing to reflect the new world economy, but one thing will stay the same; people need to eat. The long-term fundamentals of the potash market are supported by increasing populations around the world, and decreasing arable land.
Potash companies were hoping that the spring planting season would breathe new life into the market, unfortunately, according to Goldman Sachs that will not be the case.
By Leia Michele Toovey- Exclusive to Potash Investing News In anticipation that its 2010 potash sales will increase by 50 per cent, Russian based Belarusian Potash Co (BPC) has hiked the price it charges for the nutrient. BPC customers in Brazil and Asia can expect to pay $410 per tonne of standard grade potash, up [...]
By Leia Michele Toovey-Exclusive to Potash Investing News North American potash producers believe the potash market is due for a rebound after a dismal 2009, but analysts claim that potash prices will be sluggish to rebound in 2010. Last month, Belarusian Potash Company reached a deal to sell about one million tonnes of potash to [...]
Western Potash (CVE:WPX) reported today that their fourth well has intersected 25 meters of potash, indicating continued mineralization from previous results. In addition, temperature readings in the wells also continue to indicate solution mining would be economic for the project. The release states: The Company re-iterates that it considers formation temperature a key parameter in [...]
Legislators from across the state, including Representative Lee Alcon, Senator David Ulibarri, Cibola County Commissioner Eddie Michael, mining company representatives and Lieutenant Governor Diane Denish attended the annual New Mexico Mining Association Dinner on Feb. 10 at Santa Fe’s well-known Hilton Hotel. For full story, click here
Potash mining likely would be welcomed in northwestern North Dakota. For full story, click here
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 [...]
A six-company Russian mining merger proposed by Norilsk Nickel’s top shareholders is unlikely to succeed due to the huge debts involved, metals tycoon Alisher Usmanov said in interviews published recently. Usmanov said: Our concept implies a merger of two companies with an absolutely reasonable debt volume which could be converted into a state stake (in [...]
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 [...]
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