Mine collapse could bolster potash price

Potash prices could rise after one of Uralkali’s mines in Russia was closed when water leaked in. The closure of the Solikamsk-2 mine, which accounts for a fifth of the company’s output and 3.5% of global capacity, could reduce the global supply of potash and drive prices. The reduction in supply will make competing potash suppliers confident to increase prices as they try to recoup last year’s fall in revenues and profits.