Uralkali to Spend $5.8 Billion to Boost Potash Capacity 80%

Bloomberg reported that Uralkali (LSE:URKA) is planning an 80% rise in potash capacity over the next ten years.

As quoted in the market news:

Capacity will gain to 19 million metric tons in 2021 from 10.6 million tons at the end of last year, the company said in a statement today. Uralkali plans to expand its Berezniki and Solikamsk mines by 4.5 million tons a year and add 4 million tons of capacity with the introduction of untapped projects.

Click here to read the full Bloomberg report.