Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to […] Read more
Tag Archives potash prices
Nutrien to pause potash ramp up, ammonia project on falling prices
Potash prices have eased after the resumption of shipments from major supplier Belarus
Mosaic misses profit estimates on lower prices of fertilizers
Farmers seen waiting on prices to stabilize
Reuters — Mosaic Co. on Wednesday missed Wall Street estimates for first-quarter profit on lower prices of potash and other crop fertilizers, even as the fertilizer maker sold higher volumes. Although prices of fertilizers such as phosphates and potash decreased during the reported quarter, it did not boost demand as farmers waited for pricing trends […] Read more
K+S to pool salt, potash units amid overhaul
Berlin | Reuters — German minerals miner K+S plans to integrate its salt and potash units as part of a strategic overhaul, it said on Monday as it set itself a new profit target for 2030. K+S, the world’s largest salt producer and the fifth-largest seller of potash, is grappling with a slow recovery in […] Read more
BHP stays course on potash mine few expected built
New York | Reuters — BHP Billiton’s Canadian potash mine will use advanced, cost-saving technology, giving it a competitive edge in a currently oversupplied fertilizer market, the executive in charge of the business said on Thursday. Australia-based BHP aims to start potash production at Jansen, Sask., about 70 km southeast of Humboldt, in 2023, eventually […] Read more
K+S vows new Saskatchewan mine won’t undermine prices
Frankfurt | Reuters — German potash miner K+S vowed it would not have to undercut rivals on price as it brings two million tonnes of new potash capacity to the North American market next year. Faced with the gradual depletion of its domestic reserves over the next 35 to 40 years, K+S built its new […] Read more
PotashCorp notches higher profit as sales climb
Reuters — Saskatchewan-based PotashCorp reported a bigger-than-expected rise in quarterly profit on Thursday and raised its full-year outlook, citing lower costs and increased sales volumes. Shares of the Saskatoon-based fertilizer producer rose 1.6 per cent in early New York trading, touching a three-week high. Revenue was lower in the first quarter due to weaker prices […] Read more
Uralkali shareholder wants to restore potash alliance
Minsk | Reuters — The Belarussian businessman who last week acquired a 20 per cent stake in Russian potash producer Uralkali said on Monday it would be in everyone’s interest to restore an alliance between Uralkali and Belarus, the world’s two biggest potash miners. Uralkali and the Belarussian Potash Co. (BPC) used to co-operate with […] Read more
PotashCorp shutting New Brunswick potash mine
Reuters — Weak conditions in the potash market will not improve any time soon, PotashCorp’s CEO said Tuesday as the fertilizer company announced it would suspend operations “indefinitely” at its New Brunswick mine. Potash Corp said it was putting its new Picadilly mine near Sussex, about 75 km northeast of St. John, in “care and […] Read more
Mosaic lays off staff at Sask. potash mine
Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets. […] Read more
K+S investors see PotashCorp deal within reach despite rebuff
Frankfurt | Reuters — Shareholders in takeover target K+S say a deal could be done because suitor PotashCorp’s main aim is to get control over its German rival’s ambitious Canadian project and scale it back. K+S’s Legacy mine, being built northeast of Moose Jaw near Bethune, Sask., would be the first built from scratch in […] Read more
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