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PotashCorp will temporarily halt production at its Allan and Lanigan mines for a total of 18 weeks starting next month, with an undetermined number of temporary layoffs. The company said potash demand is robust and expects continued improvement into 2018, despite record quarterly sales.
Year-to-date earnings are up 45 per cent.
Curtailing output at two major mines tightens potash supply through winter, supporting prices while demand stays strong. Buyers should watch for firmer potash offers as the shutdowns take effect.
thestarphoenix.comAlex MacPherson, Saskatoon StarPhoenixOct 26, 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.
