Nickel Cobalt & Aluminum Market Expected to Hit 4.56B by '33 The Nickel Cobalt and Aluminum market is anticipated to exceed US$ 4,566.6 million by 2033, experiencing a Compound Annual Growth Rate (CAGR) of 5.3%. These elements are prized for their corrosion resistance, strength, and heat resistance, making them crucial in industries like automotive, aerospace, electronics, and energy.
Source: https://www.fmiblog.com/2023/11/22/nickel-cobalt-aluminum-market-poised-to-surpass-us-4566-6-million-by-2033-fueled-by-ev-adoption-and-renewable-energy-innovations/
Those looking for high-potential nickel exploration companies should consider Alaska Energy Metals (Ticker: AEMC.v or AKEMF for US investors) which revealed promising results from its maiden Ni 43-101 Mineral Resource Estimate of its Nikolai Nickel Project just earlier this week.
The project, situated in Alaska, now boasts a substantial inferred mineral resource, with 1.5 billion pounds of nickel, 372 million pounds of copper, and 115 million pounds of cobalt. Additionally, platinum, palladium, and gold resources were estimated at a total of 1.34 million ounces.
What sets this revelation apart is not just the magnitude of the identified resources but also the potential for additional revenue streams.
AEMC's success in identifying chrome and iron as potential significant by-products of the mineralization process adds a layer of economic versatility to the project. The company plans to delve deeper into these elements aiming to incorporate them into future resource updates.
Full results here: https://alaskaenergymetals.com/news/billion-pounds-nickel-maiden-ni43101-resource/
Posted on behalf of Alaska Energy Metals Corp.