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DeepGreen is developing a new, scalable source of EV battery metals in the form of polymetallic nodules found unattached on the seafloor in the Pacific Ocean. Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and. DeepGreen Metals Inc.,
DeepGreen Metals, which is exploring for deep-ocean polymetallic nodules as a lower impact and more cost-effective alternative to land-based mining ( earlier post ), announced an upward revision to the nodule resource reported within the NORI-D exploration contract area held by its subsidiary, Nauru Ocean Resources, Inc. higher), cobalt (5.4%
In January, The Metals Company published an upward revision to the nodule resource reported within the NORI-D area held by its subsidiary, Nauru Ocean Resources Inc. TMC’s NORI-D nodule project is the first in the company’s project development pipeline. NORI), improving resource confidence from ‘inferred’ to ‘indicated’ status.
Reeling from a crushing shortage of semiconductor chips for vehicles, carmakers also face another looming crisis: producing enough batteries to drive the global pivot towards electric vehicles. Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We
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