Mosaic Stock (NYSE: MOS) Slides on Brazil Phosphate Curtailments, Belarus Potash Sanctions Shift, and a Saskatchewan Mine Incident
Mosaic shares fell 5.6% to $23.46 after the company idled SSP fertilizer production at two Brazilian sites due to a sharp sulfur price spike and reported a fatal accident at its K3 mine in Canada. The moves come as U.S. sanctions relief for Belarus potash raised fresh supply concerns, pressuring fertilizer stocks.