Market Overview

Uralkali's Solikamsk-2 Mine May Be Lost

Related POT
Carter Worth And Mike Khouw's Potash Corporation Of Saskatchewan (USA) Trade
Gold, Alphabet, CSX, Potash: Fast Money Picks For December 2

BMO analyst Joel Jackson suggested Thursday that the troubled Uralkali Solikamsk-2 mine may already be lost, according to Bloomberg.

The mine was recently shut down as it developed a sink hole.  According to Jackson, electricity and the air supply to the mine have now been turned off.

The news pushed several fertilizer stocks higher in recent days.

Potash Corp./Saskatchewan (USA) (NYSE: POT) has surged over 10 percent since Tuesday amid the news and recently traded at $36.35.

Posted-In: Bloomberg BMO Joel JacksonNews Rumors


Related Articles (POT)

View Comments and Join the Discussion!