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U.S. court throws out potash price-fixing suit

A federal appeals court threw out Friday an antitrust class-action lawsuit accusing seven companies of engaging in a global conspiracy to raise the price of potash, a mineral used mainly in fertilizer.

The 7th U.S. Circuit Court of Appeals in Chicago said the plaintiffs, who were purchasers of potash, did not claim a sufficient link between alleged anti-competitive activity taking place outside the United States and the domestic potash market.

It voided a lower court's refusal to end the case, and directed that the purchasers' claims under the Sherman Act, a U.S. antitrust law, be dismissed.

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The defendants included Canada's Agrium Inc. and Potash Corp of Saskatchewan Inc. , Mosaic Co. , and four companies that conduct mining operations in Russia and Belarus: JSC Uralkali, JSC Silvinit, JSC Belarusian Potash and JSC International Potash.

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