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According to sources, BHP is exploring a sale of a stake worth about $2 billion in a Canadian potash mine it is developing. The report says global potash prices are low due to a slump in farm prices and rapid expansion of mining capacity.
A BHP stake sale signals more new potash capacity coming into a market already oversupplied. That supports continued weak potash prices.
reuters.comJohn TilakAug 25, 2017Not 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.
