Close Menu
    What's Hot

    The 41 Best Shows on Netflix Right Now (July 2025)

    July 13, 2025

    U.K. refinery secures crude oil supply deal with Glencore

    July 12, 2025

    Why real estate advisory matters more than ever post SC on property ownership and registration

    July 12, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Trend Alerts – Stay Ahead of the Trends!
    Subscribe
    • Home
    • Trending

      The 41 Best Shows on Netflix Right Now (July 2025)

      July 13, 2025

      Timekettle T1 Handheld Translator Review: Global Offline Translation

      July 12, 2025

      The 6 Best Prime Day Action Camera Deals for Thrill Seekers (2025)

      July 12, 2025

      Last-Chance Prime Day Deals, 313 Obsessively Tested Picks—Even $1,200 Off an OLED TV

      July 11, 2025

      The 7 Best Prime Day Action Camera Deals for Thrill Seekers (2025)

      July 11, 2025
    • Worldwide

      U.K. refinery secures crude oil supply deal with Glencore

      July 12, 2025

      Towngas and Royal Vopak to Build Green Methanol Supply Chain Across Asia-Pacific

      July 12, 2025

      Saudi Arabia Raises Oil Prices

      July 11, 2025

      2nd phase of digitising oil supply chain begins

      July 11, 2025

      Oil Markets Are Tighter Than They Look

      July 10, 2025
    • Finance

      Why real estate advisory matters more than ever post SC on property ownership and registration

      July 12, 2025

      HDFC Infinia Metal vs. HDFC Regalia Gold Credit Card

      July 11, 2025

      How to choose your first credit card in 2025

      July 6, 2025

      Here are the documents that proves your homeownership

      July 5, 2025

      Short-term, long-term capital gains tax rates, calculations, exemptions for FY 2024-25

      July 4, 2025
    • Business

      HBS Online Launches New Personal Branding Course

      July 10, 2025

      The Benefits of Asynchronous Online Learning for Your Team

      July 9, 2025

      A Doctor’s HBS Online Journey

      June 28, 2025

      Talent Development Strategies for Business Growth

      June 28, 2025

      What to Know About Upskilling Your Workforce

      June 27, 2025
    • News

      World’s Most Unbelievable Events That No One Expected

      March 16, 2025

      Biggest Space Discoveries That Went Viral This Year

      March 16, 2025

      AI Just Did This! The Most Shocking AI Development Yet

      March 16, 2025

      Mind-Blowing Tech Innovations That Went Viral in 2025

      March 16, 2025

      Top 10 Viral Moments That Broke the Internet in 2025

      March 16, 2025
    Trend Alerts – Stay Ahead of the Trends!
    Home»Worldwide»Days After Trump Commits to Seabed Mining, Two Sides Face Off
    Worldwide

    Days After Trump Commits to Seabed Mining, Two Sides Face Off

    Elon MarkBy Elon MarkApril 29, 2025No Comments5 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Less than a week after President Trump signed an executive order to accelerate seabed mining, the U.S. government received its first permit application from the Metals Company, one of the most ardent proponents of the as yet unproven practice.

    On Tuesday, the company’s chief executive, Gerard Barron, was also on hand in Washington for a contentious hearing in front of the House Natural Resources Committee. He likened Mr. Trump’s move to a “starting gun” in the race to extract minerals like cobalt and nickel from potato-size nodules lying in the frigid, pitch-black, two-and-a-half-mile-deep sands of the Pacific Ocean floor.

    Republican and Democratic committee members clashed over how much weight should be given to environmental concerns about the practice. The Trump administration has said it will consider issuing permits for mining in territorial U.S. waters and also in international waters.

    Other countries have condemned the United States for essentially circumventing international law by saying it would permit seabed mining in waters that nearly every other country considers to be governed by the International Seabed Authority, an independent organization.

    No commercial-scale seabed mining has ever taken place.

    Representative Jared Huffman of California, who is also the committee’s ranking Democrat, said the Metals Company and Mr. Trump were moving seabed mining forward in a “reckless cowboy manner.” He and other Democrats questioned the business case for mining cobalt and nickel given that electric-vehicle manufacturers, once major buyers of the metals, were moving toward batteries that didn’t use them.

    “The industry’s financial models are based on wildly optimistic assumptions and fail to reflect the volatility and reality of global mineral markets,” said Representative Maxine E. Dexter, Democrat of Oregon.

    The Metals Company sought to assure the committee that any damage to the seafloor would be far outweighed by potential job creation and access to minerals whose supply chains are currently dominated by China. The company says it has conducted a decade of expensive environmental studies that support its conclusions.

    Mr. Trump’s order came after years of delays at the International Seabed Authority in setting up a regulatory framework for seabed mining. The authority, created decades ago under the auspices of the United Nations, is likely to miss another deadline this year to codify those rules.

    “It took 14 years just to begin drafting a mining code,” Mr. Barron told the committee, calling it “a deliberate strategy” to slow seabed mining.

    He also said a polymetallic nodule extracted by his company was presented to Mr. Trump recently, and he claimed it now sat on the president’s desk in the Oval Office.

    The U.S. Geological Survey has estimated that nodules in a single swath of the Eastern Pacific, known as the Clarion-Clipperton Zone, contain more nickel, cobalt and manganese than all terrestrial reserves combined. That area, where the Metals Company is proposing to mine, is in the open ocean between Mexico and Hawaii and covers an area about half the size of the continental United States.

    The committee’s chairman, Representative Paul Gosar, Republican of Arizona, said seabed mining was needed to get the United States out from under the “supply chain yoke” of China, which currently processes a majority of the world’s cobalt, much of its nickel and many other critical minerals, which include so-called rare earths.

    China recently imposed export restrictions on some rare-earth elements, leading to fears that American companies using them to make an array of advanced electronics would face shortages.

    The House committee also heard from Thomas Peacock, a professor of mechanical engineering at the Massachusetts Institute of Technology, who has taken part in studies of seabed mining’s effects on the seafloor, some of which were funded in part by the Metals Company.

    Dr. Peacock said that while there were potentially hundreds of unknown species in the Clarion-Clipperton Zone and that specific areas deserved to be cordoned off from mining, “research indicates that some of the proposed impacts of nodule mining may not be as severe as speculated.”

    In particular, he downplayed the risks that mining could cause plumes of sand and debris that could affect life on the seafloor as well as closer to the surface of the open ocean, where fish like tuna live and feed. The debris would be “roughly the equivalent of a grain of sand in a fishbowl,” Dr. Peacock said.

    Sitting next to Mr. Barron was the chief executive of another prospective deep-sea miner, Impossible Metals. Unlike the Metals Company, which has extraction technology that resembles a vacuum attached to an autonomous vehicle that would trundle across the seafloor, sending up nodules to a ship through a pipe, Impossible Metals says it has a machine that will pick up nodules individually and without actually landing on the seafloor.

    “Our underwater robots hover to collect the mineral-rich nodules from the seabed through an A.I.-driven selective harvesting,” Oliver Gunasekara, the chief executive of Impossible Metals, said. “We pick up nodules individually avoiding all visible life, leaving 60 percent untouched.”

    The company has reapplied for an exploration permit off American Samoa in U.S. territorial waters. Mr. Gunasekara said that while an earlier application had been denied under the Biden administration, both American Samoa and Washington were under new leadership and he was confident of its approval.



    Source link

    Commits Days Face Mining Seabed Sides Trump
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAs Measles Cases Surge, Mexico Issues a US Travel Alert
    Next Article The 45 Best Shows on Hulu Right Now (May 2025)
    Elon Mark
    • Website

    Related Posts

    U.K. refinery secures crude oil supply deal with Glencore

    July 12, 2025

    Towngas and Royal Vopak to Build Green Methanol Supply Chain Across Asia-Pacific

    July 12, 2025

    Saudi Arabia Raises Oil Prices

    July 11, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo

    TrendAlerts is your go-to platform for the latest trending news, covering global events, technology, business, entertainment, and more. Stay informed with real-time updates and in-depth analysis on what’s shaping the world today! 🚀

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Trend Alerts. All Rights Are Reserved.
    • Home
    • Trending
    • Worldwide
    • Finance
    • Business
    • News

    Type above and press Enter to search. Press Esc to cancel.