Nutrien Curtails Production At Its Cory Potash Mine Due To Port Of Vancouver Strike
Portfolio Pulse from Benzinga Newsdesk
Nutrien has announced a reduction in production at its Cory Potash Mine due to a strike at the Port of Vancouver. This, along with other factors such as the ILWU strike, Portland terminal outage, and lower global potash prices, is expected to cause Nutrien's full-year 2023 Potash adjusted EBITDA to fall below its previous guidance range.
July 11, 2023 | 10:47 am
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Nutrien's stock may be negatively impacted in the short term due to the curtailed production at its Cory Potash Mine and the expected drop in its 2023 Potash adjusted EBITDA.
The curtailed production at Nutrien's Cory Potash Mine due to the Port of Vancouver strike, along with other factors such as the ILWU strike, Portland terminal outage, and lower global potash prices, is expected to negatively impact Nutrien's earnings. This could lead to a decrease in the company's stock price in the short term.
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