Video: Trump is the best news for deep sea mining – TMC CEO
The United Nations body responsible for regulating deep-sea mining is scheduled to meet in March to discuss rules and regulations for seabed mining.
According to the company’s chief executive editor, Trump’s victory is the best news for the deep-sea mining industry.
Gerard Barron told MINING.COM host Devan Murugan that the new administration’s focus on domestic mineral production comes at the right time.
“Mineral security is really important for critical minerals, and many in the new administration have been tremendous supporters. So we’re going into 2025 thinking this will be a breakout year,” Barron said.
The ocean floor is believed to hold vast reserves of metals such as nickel, manganese, and cobalt, with an estimated value ranging from $8 trillion to over $16 trillion. However, scientists caution that much remains unknown about the deep ocean and warn of the potential impacts of mining on ecosystems already threatened by pollution, trawling, and the climate crisis.
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