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The potash space has been facing difficulties for some time, and 2015’s first quarter was quite the roller coaster ride. Still, many remain positive, and Potash Investing News’ top five stories from the last three months shows that a slew of market participants are still optimistic about the market.
Indeed, with a massive deal between China and Belarusian Potash Company that created a benchmark price lower than producers had hoped for, Saskatchewan implementing a new potash tax and analysts predicting lower prices to come, it hasn’t been the most positive first quarter to say the least.
Still, many remain positive, and Potash Investing News’ top five stories from the last three months, listed below, reflect that a slew of market participants are still optimistic about the market.
1. Execs Weigh in on Macquarie’s Potash Price Outlook
When Macquarie Group’s potash price predictions were published last month, the firm said it saw no price upside for the next four years. However, after speaking with CEOs from IC Potash (TSX:ICP) and Gensource Potash (TSXV:GSP) and the senior vice president at Allana Potash (TSX:AAA), it became clear to Potash Investing News that the predictions didn’t bother them. Click here to read the full story.
2. South Boulder Mines Completes Colluli Project Technical Assessment, Confirms Feasibility of Process Design
Australian company South Boulder Mines (ASX:STB) caught the attention of readers when it completed a technical review of the prefeasibility study process design, process design criteria, metallurgical testwork, plant configuration and process equipment list for the Colluli project in Eritrea. The study demonstrates that the project will be one of the lowest-cost potassium sulfate producers in the world. Click here to read the full company news.
3. North American Suppliers Not Fazed by Potash Price War
As Russia’s Uralkali (MCX:URKA,LSE:URALL) and the Belarusian Potash Company battled over big contracts in China, India and the US and in turn, created a competitive price market, it was difficult to see where producers in North America fit into the price war. This article looks at what the impact was for companies in the west, such as Mosaic (NYSE:MOS) and Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT). Click here to read the full article.
4. PDAC 2015 Watch List: Potash Companies Sowing Seeds for Success
Published prior to PDAC, this article gives an overview of the potash-focused companies that were set to attend. Some featured on the list were IC Potash, DuSolo Fertilizers (TSXV:DSF), Great Quest Fertilizer (TSXV:GQ) and Western Potash (TSX:WPX). Click here to read the full list.
5. What the Allana-ICL Deal Could Mean for Potash M&A
When Israel Chemicals (NYSE:ICL) announced plans to buy out Allana Potash a couple of weeks ago, the news had major implications for M&A activity in the potash space. This article looks at what drove Allana to sign the agreement, why some believe it was an essential move and what one analyst thinks it will mean for the industry as a whole. Click here to read the full story.
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
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