[SMM Flash News] Sherritt Suspends Cuba Joint Venture Activities Amid Expanding U.S. Sanctions

Published: May 8, 2026 14:01

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Following the U.S. administration’s expansion of sanctions against Cuba, Sherritt International has announced the immediate suspension of its direct participation in Cuban joint venture activities and the repatriation of its expatriate staff. While refining operations at the Fort Saskatchewan facility in Canada currently remain active using existing inventory, the corporation warned that feedstock supplies are only expected to last until mid-June. Furthermore, the resignation of three board members and potential withdrawal of support from financial providers highlight severe operational and liquidity risks that could disrupt global nickel and cobalt supply chains in the near term.

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