How much cobalt is produced in Cuba?
Of recent years, Cuba had its highest cobalt production in 2017, with an extraction of 5,000 tonnes. In both 2018 and 2019, the production figure remained stable at 3,800 tonnes.
What metals does Cuba export?
Other metals or minerals, such as zinc, copper and iron, are also occasionally important in Cuba's exports, which are in any case headed by tobacco and sugar, although Cuba does not stand out in terms of their production worldwide.
Why are nickel and cobalt so popular in Cuba?
The rise of new technologies and the shift towards a green energy system have led to a worldwide increase in demand for metals such as nickel and cobalt. Cuba is among the countries with the largest reserves of these raw materials, which constitute some of the island's most valuable exports, especially in the case of nickel.
Does Cuba have a nickel mine in Moa?
Nickel mine in Moa operated by Cuba's General Nickel and Canada's Sherritt International [Sherritt]. The increase in recent years in the international price of certain strategic metals and minerals that Cuba produces has brought slight relief to its sinking economy Economics.
Does Cuba export nickel?
In 2019, nickel made up just over 11% of overall Cuban exports, destined primarily for China and a small percentage for Japan. The value of exports jumped significantly in 2017, almost doubling the previous year's sales to $141m; in 2018 it reached $179m, while in 2019 it dropped to $134m.
Is mining a state-controlled activity in Cuba?
Lack of investment Mining remains a state-controlled activity in Cuba. The state-owned business Cubaniquel is in charge of operating the Che Guevara plant in the town of Moa. However, for decades, foreign companies have been present in the sector through joint ventures.
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