Deep Sea Mining

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Despite the headline, this FT article isn't about gold:
...
President Donald Trump is expected to issue an executive order that would step up plans to harvest polymetallic nodules that form beneath the Pacific. These black lumps are rich in nickel, cobalt and manganese — commodities heavily used in the making of batteries for mobile devices and electric vehicles. Nickel also factors in the production of stainless steel, enhancing its industrial significance.

Deep-sea nodule harvesting is controversial because the seabed, and the consequences of scraping it, remain somewhat mysterious. Few mining trials have been undertaken. Sessile megafauna — large organisms attached the ocean floor — are presumably not fans. Non-government organisations, and many countries including the UK, want a moratorium. For Trump to issue permits without the oversight of the International Seabed Authority (ISA) would directly challenge the global consensus.
...
Click to expand...

www.ft.com

A mini-gold rush brews three miles below sea level

Whether deep-sea mining will transform the US’s geopolitical fortunes is unclear
www.ft.com www.ft.com
 

Trump signs executive order boosting deep-sea mining industry​

By Ernest Scheyder and Jarrett Renshaw

(Reuters) -President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.

The order, which Trump signed in private, seeks to jumpstart the mining of both U.S. and international waters as part of a push to offset China's sweeping control of the critical minerals industry.

Reuters first reported last month that the order was under deliberation.

Parts of the Pacific Ocean and elsewhere are estimated to contain large amounts of potato-shaped rocks known as polymetallic nodules filled with the building blocks for electric vehicles and electronics.

More:

https://www.msn.com/en-us/news/poli...S&cvid=43627c0476d141edba7803c59706a682&ei=12
 

Trump’s push to break China’s mineral dominance paves the way for a deep-sea gold rush​

  • Seeking to counter China’s mineral dominance, the Trump administration recently signed a sweeping executive order to fast-track deep-sea mining within U.S. and international waters.
  • The move is designed to help private companies access billions of tons of potato-sized rocks known as polymetallic nodules, which are rich in strategically important minerals.
  • “The thing that people have missed is that there is zero chance that this will not happen,” Gerard Barron, CEO of seabed miner The Metals Company, told CNBC by video call.
U.S. President Donald Trump’s critical minerals drive looks set to pave the way for a gold rush on the ocean floor.

Seeking to counter China’s mineral dominance, the Trump administration in April signed a sweeping executive order to fast-track deep-sea mining within U.S. and international waters.

The move is designed to help private companies access billions of tons of potato-sized rocks known as polymetallic nodules, which are rich in strategically important minerals.

More:

 

Home Page - The Metals Company

metals.co metals.co

www.ijpr.org

This company wants to be the first to mine the ocean floor, with Trump's help

The Metals Company is applying for permission from the Trump administration to mine for nickel and cobalt beneath a remote patch of the Pacific Ocean. Other countries say the minerals aren't America's to mine.
www.ijpr.org www.ijpr.org

www.aol.com

Why TMC The Metals Company Stock Skyrocketed Again Today

Gains for the broader market helped power a double-digit jump for TMC The Metals Company stock. A stronger-than-expected June jobs report and optimism surrounding potential interest rate cuts supported gains for the market. Political conditions seem to be aligning in TMC's favor.
www.aol.com www.aol.com
 

Deep sea mining: What’s the true cost of renewable energies? | DW Documentary​

Jul 20, 2025 #documentary #dwdocumentary #dwdocs
The idea is that electric cars, solar panels and wind turbines will reduce our consumption of coal, oil and gas. However, these technologies rely on many raw materials present below the seabed. The race for deep sea resources has begun.
The immense demand for metals such as nickel, cobalt and copper for electromobility and alternative energy sources has so far largely been met in the Global South - in Africa, Asia and Latin America. But these deposits aren’t enough. Attention is now turning to the oceans. Here, it’s thought that vast deposits of the metals exist below the seabed. A geopolitical race has begun between states to exploit these resources. And that's not all: extraction of the metals threatens to cause major ecological damage.

Deep sea mining: What’s the true cost of renewable energies? | DW
 

Alabama Sen. Britt Leads Bill To Unlock U.S. Offshore Critical Minerals, Counter China​

A bipartisan group of senators has introduced legislation designed to bolster the United States' critical mineral supply chain and reduce its dependence on China. U.S. Senator Katie Britt (R-Ala.), alongside Senators Tim Sheehy (R-Mont.), Tom Cotton (R-Ark.), and Marsha Blackburn (R-Tenn.), announced the "Revitalizing America’s Offshore Critical Minerals Dominance Act of 2025."

More:

https://www.msn.com/en-us/news/poli...ls-counter-china/ar-AA1N0LBt?ocid=socialshare
 
You must log in or register to reply here.
Back
Top Bottom