Becoming home to the Pacific Northwest’s largest oil-handling terminal isn’t the only goal on the Port of Vancouver’s to-do list. The port also wants to land a potash export facility, but its hope in that regard is running into global market headwinds.
Analysts have said BHP would struggle to justify investing in the proposed Jansen mine in Canada’s Saskatchewan province, according to The Wall Street Journal. That’s because the collapse of a potash marketing alliance — Belarusian Potash Co. — may slash prices for the agricultural commodity by as much as 25 percent, to $300 a metric ton by the end of this year.