The Metals Company - Two more positive steps
The Metals Company (TMC) has been exploring nickel-rich nodule deposits on the deep seabed of the western Pacific. We estimate TMC’s total estimated nickel resources of 16.1Mt could provide the critical battery metals for c 230 million cars. The key catalyst for TMC will be the award of a licence for its 3.8Mt NORI-D project, contingent upon adoption of exploitation legislation for the deep sea. Additional financing and the US Inflation Reduction Act (IRA) are positives for TMC and the sector.
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