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The Eurasian Development Bank signed two loan agreements totaling $400 million with Belaruskali to fund working capital and a potash expansion. The funds will support construction of a 1.5 million tonne per year plant at the Petrikov deposit, due in 2021.
Financing for new Belarusian potash capacity points to higher future supply, which is mildly bearish for potash prices in the medium term but has no immediate market effect.
eabr.orgJan 15, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
