Rising Global Demand for Nickel Mining Sparks Exploration of Geologic Hydrogen Potential in Newfoundland
Key Ideas
  • Global nickel mining market is booming with a projected growth rate of 6.6% from 2023 to 2030, driven by industries like construction and machinery.
  • The batteries segment is expected to have the fastest growth rate, with nickel batteries offering cost-effective energy solutions.
  • First Atlantic Nickel Corp. partners with Colorado School of Mines to research geologic hydrogen potential in Newfoundland, focusing on ophiolite complexes rich in awaruite.
The global interest in nickel mining is on the rise, fueled by industries such as construction and machinery, propelling the stainless steel sector forward. Nickel, a key raw material for stainless steel, is crucial for enhancing properties like formability and corrosion resistance. The report indicates a significant growth trend, with the batteries segment anticipated to show the fastest growth rate, emphasizing cost-effective energy solutions provided by nickel batteries. Additionally, First Atlantic Nickel Corp. has forged a research partnership with Colorado School of Mines to explore geologic hydrogen potential in Newfoundland's ophiolite complexes, which are rich in awaruite. Ophiolites, characterized by ultramafic rocks like peridotite, are known for their geologic hydrogen potential, releasing molecular hydrogen gas during the serpentinization process. This collaborative research aims to leverage the natural processes occurring in ophiolites to understand and potentially exploit geologic hydrogen as an energy source. The partnership will combine First Atlantic's geological assets with Colorado School of Mines' expertise to advance exploration in this promising field.
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