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BHP CEO Mike Henry told reporters in Toronto that Canada is a really attractive place to invest because of political stability, critical minerals and talent. He said he hopes BHP will invest beyond its Jansen potash project.
Jansen is set to become a major Canadian potash supplier, about 140 kilometres east of Saskatoon.
Jansen's future output adds to long-run potash supply, which is a bearish factor for potash prices. The comments signal further capital commitments in Canada rather than an immediate change in market balance.
financialpost.comNaim KarimOct 18, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
