Potash Sector Still Waiting On Supply Contracts
Vale (NYSE:VALE) announced this week that it will indefinitely suspend its $5.9-billion Rio Colorado potash project in Argentina as the company is set to post its lowest annual profit in three years, Bloomberg reported.
Securities Disclosure: I, James Wellstead, hold no direct investment interest in any company mentioned in this article.
Related reading:Delays in Chinese, Indian Potash Contracts Muddy Pricing Waters Potash Sector Still Waiting on Supply Contracts from Potash Investing News
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts