Key points
- TMC CFO Craig Shesky joined Benchmark’s Bryan Bille and industry and regulatory figures on a panel about the imminent commercialization of nodule collection.
- Shesky said about two-thirds of expected nodule revenue, “probably 75%,” could come from industrial uses such as stainless steel and carbon steel rather than batteries or EVs.
- He noted two-thirds of nickel demand goes into stainless steel, a commodity growing about 5% per year, while manganese remains needed for carbon steel production.
- Shesky said the real question is whether nodule-sourced metal is cheaper and lower-impact than alternatives, framing a ton that displaces Indonesian supply as a net win.
