Brazil’s Vale SA, the world’s biggest iron-ore producer and second- largest nickel miner, has a strategy of diversify from iron ore and becoming one of the world’s main fertilizer producers by 2017 by tripling their fertilizer production to some 25 million tonnes. This is driven by a 3.8% demand increase in the Brazilian food needs. They plan to invest during the current year $2.5 billion in the fertilizer business, of which, almost half is geared to the Rio Colorado potash project in Argentina.
Brazil: Vale plans to become one of the main global players in the fertilizer market
February 17, 2011 at 10:22 (Fertilizers)