Mining.com reported that Israel’s ICL would supply its Indian customers with a total of 835,000 tonnes of potash.
Fertoz upgraded the JORC resource and released scoping study results for its Wapiti phosphate project in British Columbia last week.
When it comes to major deals in the potash space, 2015 has been a little sluggish. Furthermore, the deals that have been inked have come in at lower-than-expected prices.
For example, Belarusian Potash signed a dealwith China in late March for $315 per tonne. And while Russia’s Uralkali (LSE:URALL) said at the time that
On Friday, Uralkali signed a deal with Indian Potash. It agreed to the sale of 800,000 tonnes of potassium chloride for $332 per tonne, a $10 increase from last year’s contract, but not as much as Uralkali had hoped.
Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT) announced its first quarter 2015 earnings, which were C$370 million or $0.44 per share, up from $340 million in Q1 2014. The company also provided its financial outlook for this year.
Macquarie Group expects no upside for potash prices in the next four years. Specifically, it sees prices dropping to an average of $270 per tonne in the last quarter of this year, down from the current price of $305, and suggests that prices will average $250 by 2018.
Bloomberg reported that Uralkali (MCX:URKA,LSE:URALL) may opt for a supply deal with India ahead of China for the first time since 2008, which may mean a price increase. China, being the biggest consumer of potash, usually makes the deal first, providing a benchmark price for the year and with India
Between the activity of major lithium producers, mining in China and developments in the wider electric vehicle market, there will be plenty to watch for in the lithium space in 2015. Chris Berry sees continued consolidation in the cards, and believes that while some new supply is expected to enter
By Vivien Diniz
Reuters reported that Chilean fertilizer group SQM’s profits were down 51 percent in the final quarter of 2013. The company is looking at falling world prices for potassium chloride and iodine as the cause of its negative performance.
By Vivien Diniz
It was only a matter of time before another deal was done in the potash market.
Bloomberg reported that in 2014, Uralkali OAO (MCX:URKA) sees global demand for potash reaching a 10-year high as falling prices allow sales to pick up.
Mining Weekly reported that a projected increase in global potash demand will contribute to boosting Saskatchewan’s GDP by 2.9% in 2013 and 3.7% in 2014.