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Sherritt International Corp. will suspend nickel and cobalt production in Cuba due to fuel supply restrictions impacting the communist-governed island. The company, headquartered in Toronto, has reduced operations at its Moa joint venture and anticipates a halt in mining and processing next week.

This decision follows a prolonged economic crisis in Cuba, exacerbated by the loss of support from Venezuela. While this suspension has caused a 7.3% drop in Sherritt's stock, its impact on global metal markets is minimal.

Sherritt is actively seeking solutions for input supply and reports sufficient inventory at its Alberta refinery until mid-April. Operations at Energas SA, another joint venture, remain unaffected.