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Sulphur 421 Nov-Dec 2025

21 November 2025

Nutrien considering phosphate sell-off

Nutrien considering phosphate sell-off

Nutrien said in its 3Q results that it has initiated a review of strategic alternatives for its phosphate business, which could include reconfiguring operations, strategic partnerships or a potential sale. A final decision on the future of the phosphate business will be taken in 2026, according to the company .

The phosphate division, reportedly valued at about $2.4 billion, is the smallest of Nutrien’s four business units. It generated $384 million in adjusted EBITDA in 2024. Nutrien said in its 3Q results that phosphate markets continue to be tight due to limited supply, including from Chinese export restrictions. Global shipments in 2025 have been constrained by supply availability and weaker affordability for phosphate fertilizer has impacted demand.

“We continue to progress our strategic initiatives and take actions to simplify our portfolio,” president and chief executive officer Ken Seitz said in a statement. He added that the changes aim to “enhance earnings quality, improve cash conversion and support growth in free cash flow per share over the long term.”

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Mining licence approved for Ammaroo phosphate project

Austrlai’s Northern Territories Government has approved a mining licence for Verdant Minerals’ Ammaroo phosphate project. The approval follows the granting of two mineral leases in March and represents a critical step towards construction and mining operations at one of the world’s largest phosphate resources. Verdant estimates the value of production over the life of the mine to exceed $15 billion. Verdant says that securing the mining licence puts the project firmly on track to reach a final investment decision and commence construction as early as mid-2027. Located 200 kilometres south-east of Tennant Creek, the Ammaroo phosphate deposit contains more than one billion tonnes of phosphate ore.