Moa JV expansion on track for completion next year – Sherritt cobalt nickel metals
The expansion programme at the Moa nickel and cobalt joint venture , in Cuba, is on time and budget for completion next year, says Canadian firm Sherritt.
The expansion, which will increase production by up to 20% from the combined 34 710 t produced in 2021, forms part of Sherritt’s strategy to establish the company as a leading green metals producer.Sherritt reports that it sees an opportunity to focus its strategy on production of intermediary products that will enable it to fully use existing capacity at the refinery and also consider direct sales of intermediate product into the electric vehicle battery supply chain.
The increased feed will likely displace some current lower margin third-party processing at the refinery, the company notes. Sherritt says construction of the SPP is progressing on schedule with civil construction 100% complete, and all contracts for supply of materials and services awarded. Structural steel pre-fabrication is ongoing with 65% erected and field assembly of major equipment has started.
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