Canada Sees Rise in Demand for Uranium, Potash as Ukrainian War Rages On
Russia’s invasion of Ukraine has affected the supply of a number of commodities, with Canada recording an increase in the demand of uranium and potash, according to Jonathan Wilkinson, the country’s minister of Natural Resources. Uranium is used by most nations in Europe as well as the United States to generate power while potash is a potassium-rich salt that is commonly used as fertilizer. These two commodities have been swept up in the international commodities rally after Ukraine’s invasion by Russia. Buyers are hoping to secure supplies after the trade disruption caused by Ukraine’s invasion. Currently, Canada is one of…
