TMC The Metals Company Surges Amid Trade War Volatility
TMC The Metals Company (TMC) saw its shares rally 20.3% on Monday, recovering sharply from Friday's plunge. The speculative deep-sea mining firm, which seeks to extract critical metals like nickel, copper, and cobalt, benefited from shifting trade war rhetoric between the U.S. and China.
President Trump's Friday threat of escalated tariffs initially rattled markets, dragging down TMC alongside broader equities. But a weekend hint of de-escalation on Truth Social reignited risk appetite. The rebound underscores how geopolitical tensions amplify focus on critical material supply chains—even for pre-revenue ventures like TMC awaiting UN seabed permits.
Rare earth miners staged parallel gains after China's export controls highlighted supply chain vulnerabilities. While TMC doesn't produce rare earths, its narrative as a future supplier of battery metals gained traction amid the trade war crossfire.
