Reuters reported that some of the world’s largest potash producers may be changing strategy, electing to forgo attempts to curb output to keep prices high.
As quoted in the market report:
Instead of reining in output to support prices, and then selling potash to big buyers in contracts that set a benchmark for other deals, the miners might maximize sales through marketing organizations in what some see as a throwback to cartels of the past for commodities such as coffee, rubber and tin.
Potash West NL (ASX:PWN,OTCPINK:PWNNY) dominates mineral tenure in Western Australia, one of the world’s largest glauconite deposits, with 12 exploration licenses and applications covering an area of more than 2,600 km2.
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