BNN reported that PotashCorp’s (TSX:POT, NYSE:POT) decline in Tuesday trading pulled the TSX down, as investors raised new concern over supply and demand globally for potash.
As quoted in the BNN report:
Potash, the world’s biggest fertilizer producer, dropped 3.3 percent after disappointing results from rival Mosaic Co (NYSE:MOS) reflected falling potash prices and raised concerns about demand. Potash’s fall was the biggest negative influence on the index.
Gensource Potash Corporation (TSXV:GSP) is focused on becoming Saskatchewan’s first vertically-integrated potash producer and has developed a unique business plan which will allow it to take advantage of the opportunities that exist in the potash industry.
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