Wednesday, January 25, 2012

Potash prices rose 32% in 2011

Potash prices rose 32% in 2011, the 3rd highest rate among 32 global commodities. In an interview on The Energy Report, securities analyst Corey Dias predicts price increases and demand will slow in 2012, with an average price of about $500 per ton. He expects prices to advance to $600-650 in 2013, which is lower than projections of $750 made last year when the market was rising so quickly. [Right, potash salts. Credit, USGS]

Arizona's Holbrook basin is mentioned briefly, as a possible candidate for consolidation among the three companies currently exploring the potash deposit there.

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