The Conversation (0)
Sherritt International Corp. (TSX:S) may soon begin to export nickel and cobalt to the United States as the country moves to normalize relations with Cuba.
Sherritt International Corp. (TSX:S) may soon begin to export nickel and cobalt to the United States as the country moves to normalize relations with Cuba.
As quoted in the market news:
Toronto-based Sherritt is the largest independent natural re-sources company in Cuba and operates the Moa nickel mine in the eastern part of the Caribbean island state. Due to the Cuban origin of its nickel and cobalt, the company is currently unable export to the United States, even though the metals are refined in western Canada.
Sherritt International Chief Executive David Pathe said:
If the embargo were to be lifted, we could export some of that nickel and cobalt into the U.S. market, which is obviously one of the biggest markets in the world. It would also give us access to U.S. suppliers for mining equip-ment and supplies and services for our oil and gas industries.
