The Mosaic Co

MOS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$77.00	Lkty	Mgrpscdvl

Mosaic's Low-Cost Potash Should Support Solid Profits Even as Prices Return to Midcycle Levels

Seth Goldstein

Feb 22, 2024

Business Strategy and Outlook

Mosaic is a leading producer of potash and phosphate fertilizers. In 2023, potash generated around 57% of total gross profits, with phosphates around 33%. The balance is derived from the Brazilian fertilizer business. Mosaic’s U.S. phosphate rock mines and Canadian potash assets provide the company with a stable input base for its products. Over the long run, Mosaic should benefit from growing global demand for fertilizer.

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