How Nickel Cobalt Aluminum Are Flourishing Industrial Processes? FMI Predicts the Market to Surpass USD 4,566.6 Million by 2033 [Yahoo! Finance]
Wearable Devices Ltd. (WLDS)
Company Research
Source: Yahoo! Finance
This growth is driven by the rising demand for electric vehicles (EVs), where these metals are vital for EV battery production. The U.S. is a key contributor to the market's expansion, bolstered by its focus on advancing EV adoption and battery technologies. NEWARK, Del, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The global Nickel Cobalt Aluminum (NCA) market is poised for significant growth, with a projected valuation of USD 4,566.6 million by 2033, rising from USD 2,724.6 million in 2023 at a CAGR of 5.3% during the forecast period. The burgeoning electric vehicle (EV) industry, driven by the global push toward sustainable mobility, is a key factor bolstering NCA demand, as the material is a critical component in advanced lithium-ion batteries. Additionally, technological advancements in renewable energy storage solutions further enhance the market's growth prospects, positioning NCA as a cornerstone in the transition to cleaner energy systems. Nickel-cobalt aluminum alloys are highly so
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WLDS
Sec Filings
- 10/28/24 - Form 6-K
- 10/7/24 - Form 6-K
- 10/1/24 - Form EFFECT
- WLDS's page on the SEC website