Goldman Sachs: Potash price rebound not sustainable
Published: Tuesday, 27 January 2015
The US bank has forecast that potash prices are to remain weak despite an upturn at end of 2014 - an outlook that will come as a blow to those developing projects, including majors like BHP and Vale, who are both developing major potash projects, have remained tightlipped about future investment in this area.
Potash prices rose towards the end of last year but the market
for the crop nutrient mineral will not be sustained at current
levels, US investment bank Goldman Sachs has said in its latest
report on the sector.
The price of bulk CFR Brazil potash rose to $370-420/tonne