Possible Israel Chemicals Purchase Would Push PotashCorp to Top

Bloomberg reported that if PotashCorp’s deal to purchase Israel Chemicals Ltd. (ICL) goes through, it would grant them 25 percent of the global potash supply, putting them at on top of other players in the industry.

As quoted in the market report:

It’s a transformative transaction that would vault them past the Russians into the No. 1 spot globally,” said Spencer Churchill, an analyst at Paradigm Capital Inc. in Toronto who recommends buying Potash Corp. shares. Demand for the crop nutrient has increased as farmers have sought to meet the world’s growing appetite for food, fiber and fuel.

To view the whole Bloomberg report, click here.