Uralkali Mine Shutdown Could Act as Catalyst for Canadian Potash Shares
Nov. 20, 2014 11:10AM PST
Potash InvestingA 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.
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.