Hi Watford (Herts?), liked the article, especially this section:
'The decision by the Chinese government’s sovereign wealth fund to acquire a stake in Uralkali could keep potash depressed as the Asian economy, the world’s largest consumer of potash, will have more say on prices. China Investment Corp. agreed last month to acquire a 12.5-per-cent stake in Uralkali in a debt-for-equity exchange'.
I read an article (don't ask me where, I can't remember) a while ago about the breakdown of the cartel, that the drop in price might be a good thing that it would stimulate demand, especially in Asia. It will be interesting to see whether Chinese becomes more interested in RUM. TFP
RUM Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
