Belarussian Potash Co. denied that 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
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
Israel Chemicals, the world’s sixth-largest potash maker, declared that it signed a deal to supply 750,000 tonnes of potash to an unnamed Indian customer at $460 a tonne. For full story, click here
As per Potash’s Corp’s recent market analysis report, the company pointed out that producer inventories have swung from record lows to 39% above the five-year average. Potash players ranging from PotashCorp to K+S and Intrepid Potash have been very disciplined in their supply response. For full story, click here
The Potash industry is expected to be supply-challenged for at least the next five years as demand continues to rise globally. For full story, click here
Compass predicts that a weaker supply and demand relationship amid the economic downturn will pressure prices in 2009. For full story, click here
The growing domestic and global demand for potash alone likely will make the project pencil out, For full story, click here
Potash supplies remain tight and concentrated in a handful of producers, Scotiabank’s Patricia Mohr said. For full story, click here
Canpotex, the export marketing consortium of Canadian potash miners informed that it has signed a new contract to supply potash to Japanese customers at a delivered price of just over $900 per tonne. Canpotex Chief Executive Steve Dechka, said: This contract settlement demonstrates that our customers understand that potash remains in tight supply and fundamentals [...]
Rio Tinto Group, said that it won’t commit to a planned $3.5 bn potash mine in Argentina until the government gives guarantees on energy supplies & taxes. General manager with Rio Tinto, Kevin Fox, said: Rio may need to tap alternative energy sources such as coal because Argentina’s power availability is “under fairly sufficient strain. Rio also wants [...]
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