Trump Administration Set to Boost Deep-Sea Mining for Critical Minerals
The incoming Trump administration may significantly advance deep-sea mining initiatives, as nominees express support for the controversial practice. This method, which involves extracting nodules from the ocean floor, yields vital minerals like copper, nickel, and cobalt essential for technology and energy transitions. However, environmental concerns persist regarding the impact on fragile deep-sea ecosystems. The International Seabed Authority is currently reviewing a permit application from The Metals Company in collaboration with Nauru. Despite political backing, the mining sector faces challenges, including declining demand for costly minerals.
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