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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Comment by Stratocheifon Aug 28, 2022 11:25am
93 Views
Post# 34925247

RE:RE:Financial Post Article

RE:RE:Financial Post ArticleThe article says car makers will have incentive to buy nickel elsewhere because Indonesia nickel is produced with a lot if carbon emissions and a greener alternative is preferred. We'll that doesn't give us a lot of hope for sherritt does it. First, MOA is an ecological catastrophe compared to other mines. Second no western car maker will deal with sherritt because they don't want to get into trouble with the US. Cuban nickel is basically illegal for the US and any US company even if they do business worldwide and also for foreign companies doing business with the US. Any company using cuban nickel could be sanctioned, sued, or banned from doing business with the US altogether. Back about 4 or 5 years ago Panasonic canceled all nickel purchase contracts with sherritt so as not to hurt its US business. There are car makers who do business only in Asia so there are some prospects there
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