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EuroChem Group is spending over $6 billion on two potash mines, according to Bloomberg. The report frames the investment as a bet on demand from China.
The article does not give a production start date.
New potash capacity expands future global supply, which is bearish for fertilizer prices over the longer term. Chinese demand growth would partly absorb that added supply.
bloomberg.comYuliya FedorinovaNov 8, 2017Not 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.
