The Trump administration has expanded its pressure campaign against Cuba into the critical minerals sector, sanctioning a nickel joint venture tied to Canadian miner Sherritt International in a move that could reverberate through China-linked battery supply chains.
Secretary of State Marco Rubio announced sanctions on Thursday against Moa Nickel SA, a joint venture between Sherritt and Cuba’s state-owned General Nickel Company, as part of a broader effort targeting Havana’s military-controlled economy.
Hours earlier, Sherritt said it had suspended its direct participation in joint-venture activities in Cuba “effective immediately” and had begun repatriating expatriate employees from the island. The company also said it had asked partners to repatriate personnel in Canada.
Three Sherritt directors, including chairman Brian Imrie, also resigned with immediate effect. The South China Morning Post contacted Sherritt for comment but received no response.
Sherritt said sanctions measures announced by Washington on May 1 had already “materially alter[ed]” its ability to operate normally in Cuba. In addition to the Moa joint venture, the company owns a one-third stake in Energas, which accounts for about 10 per cent of Cuba’s electricity generation capacity.
00:58
Trump vows to ‘take’ Cuba as island reels from total power cut linked to oil embargo
