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China May Block Russian Bid for Potash Control on Belarus Crisis
Jul. 07, 2011 07:30PM PST
Potash InvestingBloomberg reported that Russia’s attempt to capture a huge stake in global potash resources from Belarus may be trumped by China.
Bloomberg reported that Russia’s attempt to capture a huge stake in global potash resources from Belarus may be trumped by China.
The market news is quoted as saying:
OAO Uralkali expressed interest last month in buying a stake in Belaruskali in a deal that would give the Russian company 45 percent of global potash production as food shortages boost demand for the potassium compound.