Economics

Potash Mines Imperiled in Europe as Market Braces

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By Gerrit De Vynck and Christopher Donville

August 13, 2013 at 11:01 PM UTC

Updated on

August 14, 2013 at 1:51 PM UTC

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The future of several European potash mines and some development projects in Canada are under threat after the world’s largest producer set off what may become a price war.

Russia’s OAO Uralkali said July 30 it will ramp up to full production capacity. It said that as a result, the fertilizer may tumble to less than $300 a ton from about $400 currently.