Will the fertiliser market hold?
Falling iron ore, copper and nickel prices have hit BHP's share price, down nearly 15% since January. Add to that its failed $39 billion bid for Anglo American and it's easy to buy into the gloom surrounding the stock.But that leaves out a significant piece of good news that market bulls are eager to flag up: the potential embedded in the huge $10.7 billion Jansen potash fertiliser mine in Canada, scheduled to come on stream in 2026.
She said Jansen's costs were estimated to be less than the top Canadian fertiliser giants Nutrien and Mosaic, with Jansen's size and BHP's heavy investment in automation key to keeping costs down to be more competitive than rivals.BHP anticipates Jansen will produce potash for less than $140/t. Market prices are expected to range from $300/t — in the worst-case scenario — to as high as $450/t in the medium to long term.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHP Sees Global Copper Demand Surging Due to the AI Boom and Data CentersBHP predicts a surge in copper demand by 2050 due to the growth of AI, data centers, and the clean energy transition.
Read more »
BHP warns AI growth will worsen copper shortfallWorld’s largest miner expects global demand for red metal will rise by more than 70% by 2050
Read more »
BHP and Rio-backed Bluescope embarks on green steel trialProcess developed to produce oxygen on the moon hoped to be missing piece of emissions reduction
Read more »
BHP gets cosy with Cobre in Kalahari copper searchBig Australian joins hunt for red metal in Botswana
Read more »
FT Mining Summit: BHP-Anglo merger looking less likelyDuncan Wanblad and Vandita Pant address rumours in market
Read more »
Filo Shareholders Approve C$4.5 Billion Takeover by BHP and Lundin MiningShareholders of Filo have approved a C$4.5 billion takeover by BHP and Lundin Mining, paving the way for the development of the Filo del Sol copper project in Argentina.
Read more »