Sherritt cuts nearly half of Canadian workforce as Cuba nickel/cobalt reserves depleted

Sherritt International, despite US authorization to import fuel to Cuba, has exhausted its nickel and cobalt reserves, leading to layoffs of nearly half its Canadian workforce. The company's Cuban operations face operational halt due to resource depletion, not sanctions. This signals a major supply disruption in nickel/cobalt markets and potential financial distress for Sherritt.

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