Shares in Toronto-based raw materials producer Sherritt International headed to their highest in more than 5 years today after the US announced it was to ease sanctions on Cuba. The firm mines nickel in the country as part of a joint venture and also has an investment in a Cuban electricity firm. The change of stance by the US will open doors to greater US investment in Sherritt and add security to its operations in Cuba. This morning the firm’s stocks rose 23 per cent.
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