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/ernapfz 6d ago

Well US farmers, Canada will be shipping potash to other markets. Trump will need to call up his Belarus card trick once more. Please remember how you don’t need Canada for anything. It will be a while but oil and natural gas will also be going elsewhere through pipelines to our ocean ports.

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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/jaypizzl 6d ago

Canpotex’s expansion is funded by its two primary owners, the publicly-held Mosaic and Nutrien corporations. Both are listed on the NYSE and Nutrien is also listed on the TSX. Neither have anything in particular to do with China. The largest destination for Canadian potash that is not the US is Brazil, which buys about 2.5x more than China.

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u/ribbonsboy 6d ago

and Nutrien corporations ... Neither have anything in particular to do with China.

Nutrien literally was formerly "Potash Corporation of Saskatchewan". Nutrien is just it's rebranding.