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Deep-Sea Mining: U.S. Races to Tap Ocean Floor Minerals
Description
The U.S. is accelerating towards a potential deep-sea mining industry, with nine companies in talks for commercial operations in international waters. This push is driven by an executive order aiming to secure vital minerals and reduce dependence on China. However, concerns arise over uncertain financial models and potential environmental impacts on the deep ocean. Regulatory agencies are streamlining the permitting process, while companies like The Metals Company prepare for operations, facing scrutiny over financial projections and lobbying efforts. The race is on, with significant investments and potential consequences for the ocean and economy.
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