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The Metals Company’s Deep-Sea Mining Ambitions Face Regulatory Crosscurrents
The Metals Company’s Deep-Sea Mining Ambitions Face Regulatory Crosscurrents
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BTCCSquare news:
The Metals Company (TMC) stands at a pivotal juncture in its quest to mine polymetallic nodules from the Pacific Ocean's Clarion-Clipperton Zone. While lacking formal approval from the International Seabed Authority, the firm has gained rare WHITE House support for its deep-sea mining operations—a dichotomy that underscores both the promise and peril of this emerging sector.
TMC's stock has surged nearly 500% this year on speculation about its access to billions of tons of battery-grade metals. Yet the UN-backed ISA continues to delay finalization of its mining code, leaving investors navigating uncharted waters between geopolitical tailwinds and regulatory headwinds.
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