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Potash Rally to Slow as Mining Capacity Expands: Commodities
Nov. 01, 2011 03:08PM PST
Potash InvestingBloomberg reported that increases to potash mining capacity will slow the recent uptake in potash prices.
Bloomberg reported that increases to potash mining capacity will slow the recent uptake in potash prices.
As quoted in the market news:
Uralkali plans to spend $5.8 billion to raise annual production capacity by about 80 percent to 19 million metric tons by 2021, the Berezniki, Russia-based company said Oct. 25. Output will climb to 13 million tons in 2012 from about 11 million this year.