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The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

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The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. Deep sea mining remains controversial.

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The Metals Company and Low Carbon Royalties form strategic partnership

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The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion-Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga.

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

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Ensuring this critical supply of battery metals is essential to the transition from internal combustion engines to EVs, which faces the following risks, according to DeepGreen: A slump in discovery of new metal deposits could lead to shortages in key metals such as nickel and copper from 2024-2025 onwards; Source: DeepGreen. Earlier post.)

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Devil In The Details: Is Copenhagens 2 ºC Guardrail Obsolete?

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Such perception is at odds with most projections; for example, the International Scientific Congress on Climate Change suggested in March that while some societies might be able to cope with a “two-degree world” through aggressive adaptive strategies, impacts could be “significant” even below 2 ºC.