Lure of Anglo’s copper mines could test BHP’s spending resolve
BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.
Nasdaq reports farmers want so much fertilizer to meet demand for agricultural products that potash producers are raising their prices on an almost constant basis now.
Back in January 2010, German potash producer K+S was charging 285 euros – roughly $407 – per ton of potash. As of now, bulk clients are buying potash at 363 euros or $520 per ton, a 27% net increase over the last 18 months.
This is largely a corn and of course a fertilizer trade at this point. Wheat and other agricultural products are not exactly in hot demand in the hungry markets of Asia right now, and so far the Russian wheat fields seem to be holding up without a repeat performance of last year’s drought.
