BHP on the brink of a hot potash war

The world's biggest potash producer has withdrawn from its cartel, a move which will send prices plummeting. But despite these dangerous waters, BHP may still dive in.

The breaking up of the Russian end of the potash cartel is being interpreted as the nail in the coffin for BHP Billiton’s "fifth pillar", the massive Jansen project in Canada. That’s not necessarily the case.

Earlier this week OAO Uralkali, the world’s biggest potash producer, withdrew from the marketing joint venture with Belaruskali after accusing the Belarus producer of selling potash outside of the agreement.

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