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Belarusian President Aleksandr Lukashenko met businessman Mikhail Gutseriyev to discuss construction of the Nezhinsky mining and processing plant and coordinated sales with Russia's Slavkaliy and BPC. Lukashenko said that once the new plants are commissioned, Belarus would be the world's top potash producer and could dictate sales terms.
Stated plans to dominate potash supply and coordinate sales point to firmer export pricing power in the future. The project itself is years from output, so near-term price impact is limited.
belarus24.byТелеканал «Беларусь 24»Jul 9, 2019Not 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.
