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The Metals Company completes latest deep-sea research campaign

Green Car Congress

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.

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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

The development of this resource offers an abundant, low-cost supply of critical raw materials for EV batteries and wiring including nickel, cobalt, copper and manganese, with a lower lifecycle ESG impact than conventional mining. We looked at over 100 companies, many of them in the EV and renewable energy space. Source: DeepGreen.

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Could Sucking Up the Seafloor Solve Battery Shortage?

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The supply of metals like cobalt, copper, lithium, and nickel needed for batteries is already shaky , and soaring demand for the hundreds of millions of batteries in the coming decades is likely to trigger shortage and high prices. China processes about 80 percent of battery raw materials, creating a chokehold on global supplies.

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