Quantcast

Price of Potash Sending Producers Into $16 Billion Capital Spending Frenzy, an Industrial Info News Alert

July 29, 2008

Researched by Industrial Info Resources (Sugar Land, Texas) — Increased agricultural plantings fueled in part by worldwide demand for biofuels has been a key driver in the increase in the use of potassium-based fertilizers in recent years. Potash, a key potassium-bearing fertilizer, is experiencing worldwide increases in demand and price. The Mosaic Company (NYSE:MOS) (Minneapolis, Minnesota) is planning more than $3.7 billion in new potash mines and mill expansions in the U.S. and Canada. Leading potash miner and fertilizer producer Potash Corporation of Saskatchewan Incorporated (NYSE:POT) (Saskatoon, Saskatchewan), which claims 22% of the world’s potash capacity, is in the midst of a significant expansion program at its Canadian mines and is planning in excess of $6.1 billion for new mines and mine expansions in Canada.

For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136011, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Related News Articles

Freeport-McMoRan Leads $10 Billion Rocky Mountain Mine Spending Spree

PCS Phosphate Plans More Than $370 Million of Projects in the U.S.

Canadian MagIndustries To Construct 1.2 Million Ton Per Year Potash Fertilizer Project in Congo

 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources




comments powered by Disqus