Potash Rally to Slow as Mining Capacity Expands: Commodities

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.

Click here to read the full Bloomberg report.