Strikes and Project Costs Hamper Major Potash Producers
Potash – Project costs, labor disputes and concerns regarding "national interest" are front and center in the potash market as companies reassess opportunities.
Potash – Project costs, labor disputes and concerns regarding "national interest" are front and center in the potash market as companies reassess opportunities.
Potash – Potash Corporation of Saskatchewan's bid for Israel Chemicals could have big implications for the potash markets even beyond the borders of Canada and Israel.
Potash – Canpotex Limited, owned by Agrium Inc. (TSX:AGU,NYSE: AGU), Mosaic Canada Crop Nutrition, LP and Potash Corporation of Saskatchewan Inc. (TSX:POT, NYSE:POT), announced that it has signed an agreement with that Sinochem Fertilizer Macao Commercial Offshore Limited to supply 1,000,000 tonnes of potash in the first half (January - June) 2013 at price levels which include a US$70.00 per tonne reduction from the last contract price established in March, 2012.
Potash – PotashCorp's (TSX:POT, NYSE:POT) announced that their earnings for Q3 fell by 21 percent per share, year-over-year, due to falling sales to China and India.
Potash – PotashCorp's earnings outlook cut is causing investors to question the future of the potash market.
Potash – Canadian Business reported that Potash Corp (TSX:POT, NYSE:POT) says that delayed sales from India and China will result in earnings below the low end of their previous target, and in some temporary mine shutdowns
Potash – Reuters reported that PotashCorp (TSX:POT, NYSE:POT) reduced its full-year earning forecast again, blaming delays with Chinese and Indian buyer contracts.
Potash – Revised US corn yield numbers have left farmers pondering fall potash applications.
Potash – Reuters reported that Canada's main stock index recorded minimal change on Friday, despite a drop in energy prices due to weak economic data from China. Potash Corp, however, posted gains of 1.2 on all-time high corn futures.
Potash – As corn and soy bean prices rise, potash prices have come along for the ride. Despite the excitement, there are limitations on the potential for a spike in potash price.
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