Uralkali to Spend $5.8 Billion to Boost Potash Capacity 80%

OAO Uralkali, the largest potash producer by output, plans to spend $5.8 billion to increase capacity almost 80 percent in the next decade as prices rise.

Capacity will gain to 19 million metric tons in 2021 from 10.6 million tons at the end of last year, the company said in a statement today. Uralkali plans to expand its Berezniki and Solikamsk mines by 4.5 million tons a year and add 4 million tons of capacity with the introduction of untapped projects.