Nickel prices rose for a fourth straight day Wednesday after Indonesia ordered the world’s largest nickel mine to sharply cut output in a move aimed at tightening global supply and lifting prices.
Sherritt International (TSX: S; US-OTC: SHERF), a Toronto-based miner whose fortunes are closely tied to Cuba via its Moa nickel-cobalt mine, is facing uncertainty amid a deepening fuel crisis on the island.
The mining industry stands at the centre of a world that is more dependent on minerals than at any point in history, according to BDO Australia’s latest report.