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Nutrien Ltd
Symbol NTR
Shares Issued 487,700,139
Close 2025-05-28 C$ 82.40
Market Cap C$ 40,186,491,454
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Globe says Nutrien plans new West Coast port

2025-05-29 06:58 ET - In the News

The Globe and Mail reports in its Thursday, May 29, edition that chief executive officer Ken Seitz says Nutrien is planning to build a major terminal at a Pacific Northwest port and is eyeing sites in the U.S. and Canada. The Globe's Kate Hellmore and Jason Kirby write that Nutrien is seeking a deep-water port with rail infrastructure for bulk potash exports to fast-growing Indo-Pacific markets like China, India and Japan. Regulations, taxes and approval timelines will impact the decision between the U.S. and Canada. Mr. Seitz says, "I just want to make sure the downstream infrastructure and the associated regulatory environment continues to be one conducive to us." Prime Minister Mark Carney's government faces an early test with a major investment plan aimed at streamlining regulations to promote big projects, particularly in critical minerals like potash. However, the U.S. is aggressively cutting regulations and taxes to boost its own initiatives. Mr. Seitz is mum on which ports are in the running. He says, however, that all sites must be deep-water, and have capacity for bulk shipments, sufficient rail infrastructure and conducive permitting requirements. The site should be selected by the end of 2025.

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