MAGNESIUM + IRON MARKETS = 2030 FORCAST
Global Magnesium Market to Reach $7.7 Billion by 2030
The Magnesium market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 11.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
https://www.globenewswire.com/news-release/2023/03/20/2630619/0/en/Global-Magnesium-Market-to-Reach-7-7-Billion-by-2030.html
Magnesium growth is indicative upon each country and...
what type of magnesium.
Nano / Powder
Oxide
Metal
Hydroxide
Chloride
Carbonate
Etc...
Hence - different growth expectation per each type of magnesium.
WHAT ABOUT IRON ORE ?
he global iron ore market size was valued at USD 276.59 billion in 2022 and is projected to grow from USD 279.35 billion in 2023 to USD 365.14 billion by 2030, exhibiting a CAGR of 3.9% during the forecast period.
https://www.fortunebusinessinsights.com/iron-ore-market-108698
Several so called nickel projects should be relabbelled
Magesium + Iron
= cash cow's
Giga Metals in BC
= same or similar situation = stewat or skagway port ( distance )
Thing is,
Wellgreen has far higher nickel grades.
Higher plat group grades.
Exotics
Lots of iron and magnesium
copper
cobalt
mystery mineral
= far more valuble
Since we has a large investor ( stateside )
But - wellgreen's pfs - economics have no iron or magnesium factored
= by any chance would the US want these key minerals to compete with China ?
lol
From a Canadian investor stance ?
Find us a buyer.... redo pfs
Far better than usa investor collecting cheapies.
Cheers....