Population Growth Means Potash Growth

Unfortunately for BHP, the Canadian governmentwhich must authorize takeovers valued

at $299 million and aboveblocked the deal, citing a lack of net benefits to Canada. But the story certainly isnt over, because potash fertilizer is becoming an increasingly high-stakes industry as the worlds human population pushes seven billion.

Analysts expect global demand for potash to grow by about 5 percent a year, because potasha naturally-occurring compound containing the alkali metal potassiumis vital to the worlds agricultural industries, which must constantly increase yields to feed a human population currently growing at approximately 75 million per year.

The worlds primary potash deposits are found in the ancient sea beds of Canada, Russia and Belarus, but there are potash projects to be found around the world. Heres a look at some major potash producers.

Calgary-based Agrium Inc. (TSE: AGU) shares are currently $82.54, with a 52-week range of $51.39 to $91.25. Agrium stock is currently off its high because of the general decline that followed the failure of the BHP Potash Corp bid, as well as Agriums acquisition of AWB Limited, which will be completed on December 3.

On the heels of BHP Billitons thwarted takeover bid, Regina-based Potash Corp. of Saskatchewan (TSX: POT) announced a US$2 billion share buyback program last week. Shares are currently $145.50 with a 52-week range of $88.68 to $160.65 (its high during the Potash bid.)

Earlier this week Brazil-based Amazon Mining Holding Plc. (TSX: AMZ), released promising early test results from its exploratory drilling at its Apatita Phosphate project, next door to its Cerrado Verde Potash mine in Brazil. More drilling has been ordered to complete the testing. Amazon stock is currently $3.85 a share with a 52-week range of $0.93 to $4.19.

German firm K+S AG (DAX: XETRA) is the biggest potash producer in Europe, and is currently seeking to expand its operations via partnerships or takeovers as its current mines are nearing their production capacities. Shares are currently EUR51.99 with a 52-week range of EUR35.55 to 53.20.

by: Rajib

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