Ambatovy restarts its cobalt and nickel production

Published: Jun 8, 2026 07:00

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After several months of technical issues and operational adjustments, the Ambatovy mining project in Madagascar has announced the gradual resumption of its nickel and cobalt production in Toamasina. As one of the largest foreign investments in the country, the project plays a significant role in the national economy. Its mining operations in the Moramanga region and processing activities in Toamasina make substantial contributions to exports and government revenues. The restart comes amid a gradual recovery in global demand for strategic metals such as nickel and cobalt, particularly driven by growing demand from the electric vehicle battery and energy storage sectors, creating new opportunities for Madagascar’s mining industry.

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