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Nutrien, the newly merged fertilizer company, is considering closing less-profitable potash mines in Saskatchewan as part of a plan to find $500 million US in savings by end of 2019. Production could shift to its expanded Rocanville operation.
Possible mine closures would reduce potash supply capacity, a mildly supportive factor for potash prices, though the cost savings are a corporate matter and no closures are confirmed.
cbc.caDavid ShieldFeb 6, 2018Not 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.
