China’s Evergreen Industries to Buy MagIndustries

Potash Investing

Reuters reported that MagIndustries Corp. (TSE:MAA) will be sold to Evergreen Industries Group if the Chinese government approves the sale.

Reuters reported that MagIndustries Corp. (TSX:MAA) will be sold to Evergreen Industries Group if the Chinese government approves the sale.

The market news is quoted as saying:

Companies have been scouting for potash deposits as a rising population spurs demand for fertilizers, despite limited feasible deposits and high development costs.

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