Sherritt logs loss on lower prices, volumes

Aug 01, 2013 | 05:02 PM | Daniel Fitzgerald

Tags  Sherritt International, earnings report, nickel, cobalt, commodity prices, Ambatovy project, David Pathe, Daniel Fitzgerald

NEW YORK — Lower nickel and cobalt prices pushed Sherritt International Corp. into the red during the second quarter, prompting the company to reduce its anticipated capital spending for the year.

"The second quarter was characterized as one of operational stability in the face of continued downward pressure on the prices for all of our commodities," Sherritt president and chief executive officer David Pathe said in a statement.....

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