Uralkali Says Its Mine Flooding Won’t Balance Potash Market
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PAO Uralkali, the world’s largest potash producer last year, said flooding at its Solikamsk-2 mine won’t be enough to balance the $20 billion market amid oversupply.
“Practically each large miner announced plans to keep or increase sales volumes this year compared to 2014,” Chief Executive Officer Dmitry Osipov said in interview in Moscow on May 8. “It’s only possible to avoid market turbulence if production is cut.”