Goldman goes soft on potash and firms up on zircon prices
Published: Wednesday, 30 July 2014
The US investment bank’s latest research report on fertiliser and mineral sands markets goes against the expectations of many in the industry, by predicting a weakening in prices for potash but gains for TiO2 and zircon. Goldman cites sound economic reasoning behind its forecasts, however, throwing the futures of these markets open to debate.
By Wayne Yamada
US investment bank Goldman Sachs expects
prices for the rest of this year but believes that mineral sands
could start to recover after the downturn in 2013.
Goldman said that the boost in potash demand during the
first quarter of this year was only temporary,...