Madagascan miner Ambatovy’s operations hit by cyclone

Published: Feb 13, 2026 15:31

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Operations at the nickel-cobalt project Ambatovy in Madagascar have been suspended after a powerful cyclone struck the country. The project produced approximately 28,000 tonnes of nickel and 2,500 tonnes of cobalt in 2024. The storm also severely damaged Madagascar’s main port, Toamasina, potentially disrupting exports of mineral products. The company said its local processing plant sustained material damage and is currently assessing the full impact on assets and operations, with production to resume only after site safety and environmental conditions are fully verified. Ambatovy mainly produces nickel and cobalt briquettes, which can be further processed into sulphates used in battery materials. Market participants noted that a prolonged outage could push up battery material prices.

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