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 in my [...]
China, the world’s leading consumer of potash, may seek lower prices for the fertilizer than India secured from suppliers in Russia, the Middle East and Canada, because of slack domestic demand and high stockpiles.
For full story, click here
Last week’s potash contract in India by Russian producer OAO Silvinit is bad news for Israel Chemical Ltd. and its peers.
For full story, click here
Belarussian Potash Co, a major supplier of potash to world markets, may revise its price offers after reports that rival supplier Silvinit agreed a deal with India at levels far below market expectations.
Oleg Petrov, head of sales at BPC, stated:
We did not expect such a significant reduction in price.
For full story, click here
Russian potash miner Uralkali declared the industry will be among the first to recover after the financial crisis ends, though it declared the market instability will persist in the near-term.
For full story, click here
Russian fertiliser maker EuroChem announced to have reinfored its position as K+S’s leading shareholder and may buy more shares in the German potash and salt supplier.
For full story, click here
K+S AG, the region’s leading producer of potash used in fertilizers, slipped 2.2 percent after Russia’s OAO Uralkali reported quarterly output tumbled on a sharp drop in demand.
For full story, click here
Potash producers in Canada, Russia and Germany are cutting back production to try to shore up market conditions.
For full story, click here
Mr Vladimir Putin PM of Russian says that Russian metals companies should only merge with rivals to enhance competitiveness and not simply to consolidate debt.
Mr Putin said:
They proposed the government swap debt for 25% of the new company. The state hasn’t decided whether to support the plan. We will take a very balanced approach.
For full [...]
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 the new [...]
Tuesday, August 11, 2009