trending Market Intelligence /marketintelligence/en/news-insights/trending/-tAQBFyfRGI7yVC9dX2Ohg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Mosaic plans deeper phosphate output cuts amid high inventories

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Mosaic plans deeper phosphate output cuts amid high inventories

Mosaic Co. will curtail phosphate production at its Central Florida facilities by 150,000 tonnes per month until markets improve.

The reduction is in addition to the 500,000 tonnes of phosphate output idled in Louisiana from Oct. 1, and the company said it will also continue to operate at lower rates in its Canadian potash business.

The company said Dec. 19 that its potash and phosphates shipment volumes for the fourth quarter are expected to be "modestly" lower than its most recent guidance, and the per-tonne gross margin for the phosphates segment is anticipated to be "significantly" below forecasts due to low volumes and realized prices.

President and CEO Joc O'Rourke said the company is experiencing high inventories and weak prices due to a "third consecutive disappointing application season in North America."

"Mosaic will not produce at high rates when we are unable to realize reasonable prices," the executive said, adding that the extended output cuts would help with "balancing the global supply-and-demand picture as we move into 2020."