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LONDON/TORONTO BHP Group is under pressure from Canada to greenlight a giant potash project when it makes a final investment decision by mid-year, but some investors said the world’s biggest miner may obtain better returns by plowing the funds elsewhere.
The fertilizer ingredient will be in oversupply over much of the next decade, crimping returns from the project, and BHP may be better off investing more in commodities like copper and nickel which are seeing booming demand from the adoption of electric vehicles and solar power, they said.
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By Tom Westbrook and Alwyn Scott
SINGAPORE/NEW YORK, April 1 (Reuters) - Stocks crept higher on Thursday following their weakest quarter in a year, while higher Treasury yields supported the dollar, as investors parsed the details of a $2 trillion U.S. government spending plan and hoped for strong jobs data later in the week.
MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.6% after a modest drop on Wednesday. Japan s Nikkei rose 1.3% as a survey showed big manufacturers mood bouncing back to pre-pandemic levels.