Uralkali shares fall as investors fear another permanent potash mine closure

By James Sean Dickson
Published: Wednesday, 19 November 2014

Investors are likely fearing that Uralkali’s capacity could lower by 20% if the Solikamsk-2 mine suffers the same fate as the Uralkali Mine 1 property, which closed in 2006 following increased brine inflow. The share price fall has been softened, however, by the positive long term rouble depreciation effect, and the possibility of higher potash prices.

Russia-based potash miner Uralkali OAO’s shares fell by around 19% yesterday from the post January share high of Russian rouble (R) 185 ($3.93*), on the news of the company’s suspension of the Solikamsk-2 potash mine.

Investors are likely fearing that the mine will suffer the same fate as...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.