Cuba Faces ‘Devastating’ Ripple Effects From US Hit to Mining

🌐 Bloomberg (CU) —

AI Summary

The recent closure of Sherritt International Corp.'s nickel operations in Cuba, prompted by US sanctions, is expected to have severe impacts on the already struggling Cuban economy, which relies heavily on hard currency.

Canadian miner Sherritt International Corp.’s decision to shut down its nickel operations in Cuba under US duress will weigh heavily on an economy that’s already starved for hard currency and fuel.

Politics Markets Commodities Cuba mining US sanctions Sherritt International economy

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