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Stock impact report

Opinion: Nutrien's bypass of the Port of Vancouver underscores need for change [Yahoo! Finance Canada]

Nutrien Ltd. Common Shares (NTR) 
Last nutrien ltd. common shares earnings: 2/18 05:24 pm Check Earnings Report
US:NYSE Investor Relations: nutrien.com/investors
Its deep-water port faces Asia's fastest growing markets, where demand for the critical mineral continues to surge. But last week Saskatoon's Nutrien Ltd., the world's largest potash producer, turned its back on the Vancouver Fraser Port Authority, announcing plans to invest US$1 billion to build a new export terminal in Longview, Wash., 450 kilometres to the south. Massive increases in global potash demand are forecast but now the bulk of it will be routed to Asia from the U.S. should Nutrien's investment be finalized in 2027, as expected. Nutrien blamed rail bottlenecks at Vancouver's port and repeated labour stoppages for the decision. Washington, it said, was the more efficient route to fast-growing potash markets in China, India and Japan. That Nutrien found a “collaborative partner” in a U.S. port is rightly being treated as a national embarrassment. While commentary has largely focused on whether Ottawa dropped the ball in its negotiations with the Saskatchewan giant, the m Show less Read more
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