Canadian Firm Makes First Bid For International Seabed Mining License

Source: International Business Times

Activists rally against deep sea mining outside the European Parliament in March 2023 AFP Canada's The Metals Company said Tuesday it applied to the United States to mine deep-sea minerals in international waters, a world first made possible by President Donald Trump's embrace of the industry. Metal-containing deep-sea nodules, which have the appearance of potato-size pebbles and typically contain nickel and cobalt, are highly sought for use in electric vehicle batteries and electric cables. But environmental groups have raised the alarm about the ecological cost of their extraction.