"Potash is big business. Developing a major deposit costs billions of dollars and there are only a handful of viable deposits scattered around the world. Yet over the past two decades it has been a quiet business. Three companies – Uralkali in Russia, its partner Belaruskali in Belarus and PotashCorp in Canada – account for just under three-quarters of global production.
However, things have started to change.
A raft of greenfield projects are due to start coming on line from 2018 that will break up a de facto cartel between the three incumbents. And China, the world’s biggest consumer of potash, is already playing hardball over price, injecting uncertainty into what has been a very profitable sector."
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