After watching potash contract and spot prices fall through much of 2012, producers believe prices will not drop any further.
Articles Tagged "potash prices"
With potash contract prices dropping to the lowest level seen in years, the potash sector does not appear ready to rebound just yet.
Karnalyte's recent deal could be one of many this year as junior potash projects are likely to be a key component of emerging Asian economies' efforts to lock down long-term, stable supplies of potash.
Reuters reported that Russian miner Uralkali is forecasting a hike in potash demand for 2013.
Reuters reported that Uralkali have sold bonds to a Chinese wealth fund that are exchangeable to shares, worth about $3 billion, potentially granting them a stake in their business.
Chinese and Indian potash buyers have said they want to see lower prices for potash and will wait until they get them.
CNBC reported that a historic drought throughout the U.S is creating great oppotunities for some fertilizer companies. The dought has boosted fertilizer shares, meanwhile devastating crops and raising food prices to record highs.
Reuters reported producer level potash inventories dropped 15% in July, a key indicator of market sentiment.
Financial Post reported that a court case against potash companies for alleged price fixing will move forward.
Reuters reported that Uralkali (LSE:URKA) is not changing its domestic potash price in the latter half of 2012.