US sanctions on Cuba nickel operation target China-linked supply chains

Marco Rubio announced sanctions on Thursday against Cuba's nickel operation, escalating the Trump administration's pressure on Havana's military-controlled economy. The measures have already materially altered Sherritt International's ability to operate normally in Cuba, according to the company. Three Sherritt directors, including chairman Brian Imrie, resigned with immediate effect. The Moa joint venture is affected, and Sherritt also holds a one-third stake in Energas, which provides about 10% of Cuba's electricity generation capacity. The sanctions have implications for China-linked supply chains, as China is a major consumer of nickel. Trump has vowed to 'take' Cuba as the island reels from a total power cut linked to the oil embargo.