The Financial Post reported that this week’s pricing cuts by PotashCorp of Saskatchewan for U.S. customers were surprising, given their rash of recent mine shutdowns.
As quoted in the market report:
National Bank Financial analyst Robert Winslow, who cut his fiscal 2013 and 2014 EPS forecasts for Potash Corp. on the news, noted that the company takes a “matching supply with market demand” approach to help support prices.
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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