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Magnesium Sulfate Market Forecast to Reach $1,233.3 Million by 2026


Magnesium Sulfate Market Segment Analysis – By Applications
Fertilizers held the largest share in the magnesium sulfate market in 2020 and are projected to grow at a CAGR of 4.9% during the forecast period 2021-2026. Inorganic crop production, fertilizers composed of synthetic or non-synthetic materials containing synthetic magnesium sulfate can be used as a plant or soil modifications. Magnesium sulfate fertilizer is designed for fast correction or prevention of magnesium deficiencies in all types of crop and soil conditions. The fertilizer is best used before or during planting to avoid magnesium shortages, but it can also be used during the growing season to fix growth problems. Rapid development of magnesium sulfate in fertilizers will in turn propel the market growth over the forecast period. ....

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DOJ OKs Stone Canyon's $3B Acquisition of Morton Salt


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The holding company must divest its US-based evaporated salt business to move forward on its purchase of Morton Salt.
Stone Canyon Industrial Holding company SCIH Salt Holdings Inc. (SCIH) is one step closer to acquiring Morton Salt Inc. from German chemicals firm K+S Aktiengesellschaft after the US Department of Justice (DOJ) approved the sale this week if certain conditions are met to satisfy antitrust concerns.
A civil antitrust lawsuit was filed by the DOJ’s Antitrust Division on Monday to block the transaction. The same day, the regulator filed a proposed settlement requiring US Salt to sell its entire evaporated salt business, US Salt, for the deal to proceed. The Justice Department said the measure is intended to increase competition in the evaporated salt market, which includes pharmaceutical-grade salt, round-can table salt, and bulk evaporated salt. ....

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