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Belarus has commissioned the first and second phases of the Nezhin mining and processing plant near Lyuban, which was started by Russian billionaire Mikhail Gutseriev's company Slavkaliy. The plant is expected to produce 500,000 tonnes of potash this year and one million tonnes next year, while some technical works remain unfinished.
Additional Belarusian potash capacity adds to global supply, a bearish factor for potash prices as the plant ramps up.
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