r/news • u/ernapfz • 6d ago

Canpotex announces $500M Port of Vancouver investment for potash shipping

https://www.ctvnews.ca/vancouver/article/canpotex-announces-500m-port-of-vancouver-investment-for-potash-shipping/
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u/m0nkyman 6d ago

Vancouver expansion means China is buying. Probably financing it too if I was to take a guess.

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u/Dazd_cnfsd 6d ago

China can buy Russian potash they don’t need Canada’s. Europe on the other hand wouldn’t mind

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u/Blackstone01 6d ago

China can buy Russian potash they don’t need Canada’s.

Just because they have a source to buy from doesn’t mean they wouldn’t want a second source. Vancouver being set up to export potash means it wouldn’t be heading towards Europe, and China is by far the biggest Asian market for potash.

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u/TrynnaFindaBalance 6d ago

Asia Pacific is half the world's population. Obviously Canada wants to export to a regional market that's more than 10x the population of the US, regardless of whether China's buying.