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Eurochem has produced its first potash at its $2 billion Usolskiy plant in Russia, with ready-for-sale output planned in the second quarter and 450,000 tonnes targeted by year-end. A second project, VolgaKaliy, is due to launch this summer.
New Russian capacity adds potash supply and competition to a market traditionally dominated by Uralkali and Belaruskali, which is bearish for potash prices over time.
mining.comMar 13, 2018Not 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.
