Cuban Nickel Plant to See Biggest Overhaul in 28 Years

Reuters reported that in order to carry out maintenance, Cuba plans to lower production at one of its two nickel plants this year. The maintenance is aimed at allowing the plant to compete with the metal’s low international prices.

As quoted in the market news:

A report on the evening government newscast on Sunday said the Ernesto Che Guevara processing facility in eastern Holguin province would be given a major overhaul.

The state-owned plant, built with Soviet technology and opened in 1986, has a capacity of about 30,000 tonnes of unrefined nickel plus cobalt a year at a cost of more than $12,000 a tonne.

The broadcast quoted the plant’s head of maintenance as saying it would be the biggest overhaul in the plant’s 28-year history and that workers face the challenge of producing 14,700 tonnes of unrefined nickel plus cobalt while it is taking place.

Click here to read the full Reuters report.