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Sask potash project may cost BHP growth elsewhere, say investors

Article content LONDON/TORONTO BHP Group is under pressure from Canada to greenlight a giant potash project when it makes a final investment decision by mid-year, but some investors said the world’s biggest miner may obtain better returns by plowing the funds elsewhere. The fertilizer ingredient will be in oversupply over much of the next decade, crimping returns from the project, and BHP may be better off investing more in commodities like copper and nickel which are seeing booming demand from the adoption of electric vehicles and solar power, they said. We apologize, but this video has failed to load.

City ofUnited kingdomBen clearyMelanie burtonJoc orourkeChris hendrickson postmediaMike henryBronwyn eyreJeff lewisMayo schmidtBen isaacsonAndrew mackenzieClara deninaSaskatoon starphoenixPostmedia network incMosaic co

Canada potash project may cost BHP growth elsewhere, say investors

Canada potash project may cost BHP growth elsewhere, say investors
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Nutrien beats on profit, boosts earnings outlook as crop and fertilizer prices climb

Article content WINNIPEG, Manitoba Canada’s Nutrien Ltd, the world’s biggest fertilizer producer by capacity, raised its full-year profit guidance and swung to a bigger than expected quarterly profit on Monday, as crop prices climb. Prices of potash, Nutrien’s core crop nutrient, have risen this year in Brazil and the United States. Higher prices of corn and canola give farmers more incentive to apply fertilizer to maximize production. We apologize, but this video has failed to load. Try refreshing your browser, or Nutrien beats on profit, boosts earnings outlook as crop and fertilizer prices climb Back to video

United statesMayo schmidtThomson reutersCanada nutrien ltdMosaic coNutrien ltdChief executive mayo schmidtஒன்றுபட்டது மாநிலங்களில்மயோ ஶ்மிட்தாம்சன் ராய்ட்டர்ஸ்கனடா ஊட்டச்சத்து லிமிடெட்மொசைக் இணைஊட்டச்சத்து லிமிடெட்

Nutrien beats profit expectations, raises full-year outlook

Nutrien beats profit expectations, raises full-year outlook
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United statesMayo schmidtMosaic coNutrien ltdChief executive mayo schmidtDepartment of agricultureஒன்றுபட்டது மாநிலங்களில்மயோ ஶ்மிட்மொசைக் இணைஊட்டச்சத்து லிமிடெட்

UPDATE 1-New Nutrien CEO to carry out current strategy, focus on potash price

5/4/2021 By Rod Nickel WINNIPEG, Manitoba, May 4 (Reuters) - Canadian fertilizer and farm dealer Nutrien Ltd will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new Chief Executive Mayo Schmidt said on Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting profits for Nutrien. Even so, Canada s biggest agriculture company hired Schmidt as CEO last month to replace Chuck Magro, who resigned. When we think about potash, we re certainly focused on price over supply, Schmidt said in his first conference call with analysts since taking the top job in April.

United statesAndrea ricciChuck magroMayo schmidtUs department of agricultureNutrien ltdChief executive mayo schmidtNorth americanRod nickelFor restrictionsஒன்றுபட்டது மாநிலங்களில்ஆண்ட்ரியா ரிச்சிசக் மாக்ரோமயோ ஶ்மிட்ஊட்டச்சத்து லிமிடெட்வடக்கு அமெரிக்கன்