Potash stocks Articles

US confirms list of 35 key minerals, targets domestic supply boost

May. 18, 2018, 10:51 AM / Reuters

TORONTO, May 18 (Reuters) - Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the United States deems essential to its economic and national security and wants to produce more of domestically.The Department of Commerce will use the list, which was published by the Interior Department on Friday and which confirms a draft issued in Februa...Read More

China's Tianqi Lithium buys minority stake in SQM for $4.07bn

May. 17, 2018, 8:00 AM / Cecilia Jamasmie

China's Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada's Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation's increasing hold over the market for the key component needed in the making of batteries that power electric vehicles."This is an attractive investment for Tianqi Lithium which fits well within our existing business strategy," Vivian Wu, president of...Read More

Israel Chemicals first quarter boosted by higher potash sales, capital gain

May. 10, 2018, 9:40 AM / Reuters

Israel Chemicals (ICL) on Thursday reported higher revenue and profit for the first quarter, boosted by a capital gain and increased potash sales at the world's sixth-largest producer of the fertiliser ingredient.ICL, which also produces about a third of the world's bromine, said it earned $928 million, compared with $68 million a year earlier. Excluding a capital gain from the $1 billion divestme...Read More

Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM

May. 9, 2018, 6:47 AM / Cecilia Jamasmie

Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to completing the sale of its 32% stake in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, and so fulfill a condition for the merger between Potash Corp. and Agrium, which created the company."[The sale] is progressing well," the company's chief financial officer, Wayne Richar...Read More

China lithium top player boosts investment in emerging Australian miner

May. 7, 2018, 5:00 AM / Cecilia Jamasmie

Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has given...Read More

Australia's Galaxy hires JP Morgan to advise on $376m-lithium project options

Apr. 30, 2018, 3:45 AM / Cecilia Jamasmie

Shares in Australia's Galaxy Resources (ASX:GXY) jumped Monday after it confirmed it had hired JPMorgan to evaluate "strategic options" for its Argentina-based Sal de Vida lithium and potash project.Move comes at a time when both battery and car companies, especially from China, are moving aggressively to secure steady lithium supply.The announcement followed a report in The Australian newspaper t...Read More

Why the lithium bears are wrong

Apr. 29, 2018, 7:45 AM / rickmills

Economics has been called "the dismal science" for its conclusions which often suggest miserable outcomes for humanity. The saying was born in the 19th century by Scottish writer and philosopher Thomas Carlyle, who was referring to economist Thomas Malthus. Malthus famously calculated that humanity was trapped in a world where population growth would outstrip resources and lead to widespread miser...Read More

China says Chile move to block $5bn SQM lithium deal could be harmful

Apr. 27, 2018, 3:38 AM / Cecilia Jamasmie

Chinese authorities intervened this week in favour of Tianqi's attempt to grab a 32% interest in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, saying that any efforts to block the $5 billion deal could "leave negative influences."According to Chilean newspaper El Mercurio (in Spanish), Chinese Ambassador Xu Bu openly condemned the move by the country's dev...Read More

Caterpillar results prove global economy in good shape

Apr. 24, 2018, 9:40 AM / Cecilia Jamasmie

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most a...Read More

Australian miner reports maiden potash resource in Germany

Apr. 17, 2018, 5:38 PM / Valentina Ruiz Leotaud

Melbourne-based Davenport Resources (ASX: DAV) reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence, located in Germany's South Harz region.Ebeleben, which covers 38.8 square kilometres, is one of three perpetual mining licences in the South Harz Basin that Davenport acquired recently from the government a...Read More

Canada's new player in Brazil gets to work

Apr. 10, 2018, 6:50 PM / Valentina Ruiz Leotaud

Following its acquisition of the Salobro Zinc Project from Vale and IMS Engenharia Mineral, Emerita Resources (TSXV: EMO) has received the necessary permits to start a diamond drilling campaign at the 1,209.75-hectare site, located in the southeastern state of Minas Gerais.In a press release, the Toronto-based firm said that it is targeting completion of the revised resource by the end of Q2/2018,...Read More

Private capital flowing into mining on track for record year

Apr. 9, 2018, 4:43 PM / Frik Els

Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds t...Read More

Future of $700-million Michigan potash project in regulators hands

Apr. 5, 2018, 9:03 AM / Cecilia Jamasmie

The faith of a controversial potash project in the state of Michigan may soon be defined, as regulators are considering a fresh proposal submitted by Michigan Potash Co.The Colorado-based company's plan includes the construction of a plant in central Michigan where the commodity, used as crop nutrient, will be treated.Michigan Potash seeks to extract the fertilizer ingredient through solution mini...Read More

World's top miner BHP quits global coal group over climate stance

Apr. 5, 2018, 3:35 AM / Cecilia Jamasmie

World's number one miner BHP (ASX:BHP) confirmed Thursday it has decided to leave the World Coal Association (WCA) over differences on climate change, but said it will keep its affiliation to the US Chamber of Commerce, which was also under review.The miner, which publicly supports the Paris climate accord, first signalled its intent to potentially leave the global coal-lobbying group last year, a...Read More

CHARTS: Mining rally running out of steam as copper price weighs

Apr. 2, 2018, 5:46 PM / Frik Els

Prices US$ at March 29, 2018. Source: LME, CME, UxC, ICE, TSIStock market, currency data @ March 29, 2018.Expectations of a boom in demand for battery raw materials as automakers move away from internal combustion engines kept cobalt and nickel prices on the boil during the first quarter.Cobalt is up another 24% in 2018 as it builds on a more than fourfold increase in value from record lows early...Read More

Mine accident shows a potash market nervous about outages

Mar. 16, 2018, 11:02 AM / Bloomberg News

(Bloomberg) - The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometer underground, trapping two workers.Halfway around the world, the reaction to the headlines was swift and dramatic. Shares of some of the largest potash producers soared in New York and Toronto on speculation that the a...Read More

Eurochem produces first potash at new $2 bln Russian plant

Mar. 13, 2018, 11:43 AM / Reuters

MOSCOW, March 13 (Reuters) - Russia-focused fertiliser producer Eurochem said it has produced its first potash at its new $2 billion Usolskiy plant in Russia.The project may intensify competition among suppliers of the crop nutrient in the region, traditionally dominated by Russia's monopoly producer Uralkali and Belarusian miner Belaruskali.Privately-held Eurochem, one of the world's largest prod...Read More

BHP's Jansen Potash mine development remains on hold

Mar. 10, 2018, 11:11 AM / 620 WTMJ

BHP Billiton's Saskatchewan potash mine remains in a holding pattern.The Jansen Lake operation, about 135 kilometers east of Saskatoon, has been under development for several years.In a question and answer session Friday in Australia, Chief Financial Officer Peter Beaven said potash remains an attractive investment because there's more people, they need to eat, and the amount of arable land will e...Read More

Sirius seeks $2bn in government-backed debt for Britain's biggest fertilizer mine

Mar. 6, 2018, 11:42 AM / Cecilia Jamasmie

British company Sirius Minerals (LON:SXX), the company building a huge polyhalite mine beneath a national park, is looking to raise up to $2 billion in government-backed debt to finish building its fertilizer project in North Yorkshire.Delivering preliminary results for 2017, the company said its main focus this year will be securing up to $3bn from banks, including roughly $2bn under the governme...Read More

Fifty-five workers back to surface after fire at potash facility in Saskatchewan

Mar. 4, 2018, 10:38 AM / Valentina Ruiz Leotaud

After spending almost an entire day at underground refuge stations, 55 workers at The Mosaic Company's (NYSE:MOS) K2 potash facility in Saskatchewan made it safely to surface. Following a small underground fire, the workers were asked to stay at the safe spaces where they had access to drinking water and food items. In the meantime, staff just outside of the mine were running air monitoring tests....Read More