Uralkali Mine Shutdown Could Act as Catalyst for Canadian Potash Shares

A much tighter global market for potash is expected after one of Uralkali OAO’s (MCX:URKA) mines in Russia faced a major supply outage. It could serve as a catalyst for Canadian fertilizer stocks.

As quoted in the news release:

The shutdown of the Solikamsk-2 potash mine after Uralkali detected an increased flow of brine, which can weaken a mine’s structure, bodes particularly well for producers such as Potash Corp. of Saskatchewan Inc. to increase their sales since the Russian mine has annual capacity of approximately 2.3 million tonnes.

Click here to read the full release.