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Mosaic has idled its Colonsay potash mine in Saskatchewan indefinitely, moving it to care and maintenance with limited staff. The company cites excess potash inventory from its Esterhazy K3 expansion and a third consecutive soft North American application season, and expects about $530 million in pretax charges.
Removing Colonsay capacity from the market tightens potash supply over time, though the company's excess inventory and soft North American demand limit near-term price support.
investing.comZacks Investment ResearchJan 29, 2020Not 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.
