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Australian companies and wealthy investors are pursuing potash projects as prices have strengthened slightly after a decade of oversupply. BHP forecasts potash demand growth of 2-3% per year to 2030 and expects world population to grow 30% by 2050.
BHP is nearing a final investment decision on its Jansen project in Canada, targeted for production by 2023.
Long-term demand growth forecasts for potash are supportive, but new supply such as Jansen and Kola is expected to add capacity later in the decade, limiting near-term price gains.
stockandland.com.auTess IngramJun 7, 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.
