Canadian mining and metal producer Sherritt International raised its output guidance for nickel and cobalt metal for 2025.
The company anticipates producing between 31,000 and 33,000 metric tonnes (t) of nickel and 3,300 to 3,600t of cobalt in 2025. This compares with the 30,331t of finished nickel and 3,206t of cobalt produced in 2024, both of which were within the annual guidance range.
Last year was a challenging year for Sherritt because of natural disasters and power infrastructure challenges in Cuba, but the company remains well positioned to navigate current market conditions and maintain competitiveness despite Chinese-driven supply pressures, according to president and chief executive Leon Binedell.
Output in 2025 will be supported by improved availability of mixed sulphides from the Moa mine site in Cuba to the refinery. Production is expected to be weighted towards the second half of the year.
"We continue to advance key strategic initiatives including our mixed hydroxide precipitate project targeting the North American electric vehicle market," Binedell added.
