Times Colonist

Potash rally expected to slow


VANCOUVER — Potash’s rebound from its biggest plunge in 48 years will slow next year as Mosaic Co., Potash Corp. of Saskatchew­an Inc. and OAO Uralkali increase mining capacity.

Potash Corp., the largest producer by market value, will see its average selling price climb 22 per cent in 2012 after an estimated 35 per cent gain this year, Don Carson, an analyst at Susquehann­a Financial Group in New York, said in an Oct. 28 note. U.S. Midwest prices will fall 5.2 per cent in 2012 after rising 32 per cent this year, according to RBC Capital Markets.

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