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BHP said it will invest $4.9 billion in stage two of its Jansen potash project in Canada. The investment aims to double the mine's capacity by the end of the decade.
The company describes potash as one of its pillars of future growth.
Doubling Jansen capacity would add substantial potash supply later this decade, which is bearish for long-run prices. The near-term market impact is limited because the capacity is not yet online.
reuters.comRishav ChatterjeeOct 31, 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.
