US Grants Canadian Miner Sherritt Initial License to Resume Cuba Nickel-Cobalt Operations

The US Treasury has issued an initial authorization allowing Canada's Sherritt International to restart nickel and cobalt extraction in Cuba, reversing prior sanctions that had halted operations. Full reactivation remains contingent on additional licenses and a recapitalization deal with a US group. This marks a notable easing of US sanctions toward Cuba and could affect global nickel/cobalt supply dynamics.