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BHP's annual commodity outlook sees potash demand growing only 2–3% a year, about 1.5–2 million tonnes, through the 2020s. The company is cautious about advancing its Jansen potash project in Saskatchewan, which it has said it overinvested in.
The outlook flags a low case in which idled capacity returns quickly.
Slower demand growth and the risk of returning idle capacity point to a softer potash price outlook over the longer term, although the effect on near-term prices is limited.
middleeastmetals.irAug 21, 2019Not 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.
