The dust has hardly settled in the potash market since the Belarusian Potash Company stirred everything up a month ago. Now, news has broken that the CEO of former BPC partner, Uralkali, has been detained on charges of abuse of power. This potash industry leader has helped BPC distribute more than 40% of global potash exports, but the recent break up threw the markets into disarray. With a potential pricing war on the horizon, this most recent headline appears to be beneficial for PotashCorp of Saskatchewan (NYSE:POT) and its peers. The following video goes into more detail about who else might be affected by these latest transgressions.
Follow @t_Muckerman Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.
- Aug 26, 2013 at 3:12PM
- Energy, Materials, and Utilities