Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
Mining Weekly reported that Verde (CVE:NPK) sees itself eventually meeting all of the demand for potash in Brazil.
The market news is quoted as saying:
“We’ve got 10.5-million tons of resources at 10.3%…we’re talking about a potential billion tons of potash there,” spokesperson Iwona Zakrzewski said.
