Until BHP Billiton came around, the price of potash and PotashCorp were moving pretty much in unison. The mineral’s price increased fourfold in 2008, peaking at more than $800 a tonne. The PotashCorp share price also quadrupled to a high of $241. Both then declined, the mineral to about $400 a tonne and the shares to a pre-bid $110. The parallel price falls would have been even steeper if the potash industry had not cut production by 40 per cent.
在必和必拓(BHP Billiton)對加拿大鉀肥(PotashCorp)發起收購前，后者的股價與鉀肥價格的走勢幾乎是步調一致的。2008年，鉀肥價格上漲了3倍，達到每噸逾800美元的歷史最高水平。同期，加拿大鉀肥的股價也上漲了3倍，至每股241美元的高點。之后，二者價格雙雙下跌，鉀肥價格降至每噸約400美元，而加拿大鉀肥股價則降至提出收購前的110美元。若不是鉀肥行業減產40%，二者的降幅還可能更大。
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