Uralkali Sinks Most Since 2008 as Pact Exit Signals Potash Drop
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OAO Uralkali tumbled the most in more than four years as the world’s biggest potash producer disrupted the industry by lifting limits on production that underpinned prices.
The stock slumped 19 percent to 151.92 rubles by the close in Moscow, the most since November 2008. Uralkali lost as much as 26 percent and closed down 19 percent at $23 in London, the steepest decline since February 2009. That trimmed the discount to the local stock to 0.2 percent.