# Russia Bets on Hungry China With $6 Billion Fertilizer Mines - Bloomberg

> 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.

- Date: 2017-11-08 · published 2017-11-08T12:00:00.000Z
- Category: trade · region Russia · magnitude low
- Page: https://feedsoft.ai/events/68298-russia-bets-on-hungry-china-with-6-billion-fertilizer-mines-bloomberg
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-11-08/russia-bets-on-hungry-china-with-6-billion-fertilizer-mines

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.