- Glencore-backed Kyma Capital is bidding for control of Sherritt International, a Canadian miner with North America's only significant cobalt refinery, challenging a Trump-linked family office.
- The bid is complicated by US sanctions on Cuba, where Sherritt has a joint venture, leading to operational halts and financial distress for the company.
- Both parties aim to secure refining capacity for strategic metals outside China, with the outcome dependent on navigating sanctions and potential refinancing.
Topics: Asset types, Jurisdictions, Legal regulatory, Alternative assets, Emerging hubs, Enforcement actions litigation
Tags: #cobalt #sherrittinternational #glencore #sanctions #cuba #refinery #criticalminerals #kymacapital #gilloncapital #trump
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