Mosaic Shares Up on ITC Decision

Shares of The Mosaic Co., Tampa, have been up since the Aug. 7 news that the U.S. International Trade Commission (ITC) would continue with its investigation of Mosaic’s petition against phosphate imports from Morocco and Russia. The ITC determined that there is a reasonable indication of material injury and said it will proceed with the investigation. Mosaic shares went up 6.5 percent on Friday, Aug. 7 to close at $17.19 and rose another 7 percent on Monday, Aug. 10 to close at $18.40.