Cerro Matoso nickel output halved for two months, $90B impact

Cerro Matoso, a major nickel mine in Colombia, has operated at 50% capacity for two months due to restrictions imposed by Canacol Energy, cutting production by ~2,400 tons and revenues by over $33 million. The cumulative impact is reported at $90 billion (likely Colombian pesos). This supply disruption adds to nickel market tightness, though the duration and resolution remain uncertain.