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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 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. Deep sea mining remains controversial.

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The Metals Company and Low Carbon Royalties form strategic partnership

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However, relative to other parts of the value chain, global investment in mining of energy transition metals is lagging. —Gerard Barron, Chairman and CEO of The Metals Company The world’s transition to a low-carbon future requires a generational change in our energy production and infrastructure.

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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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The estimated resource on the seafloor in the exploration contract areas held by the company’s subsidiaries is sufficient for 280 million EVs—a quarter of the global passenger car fleet. Seafloor polymetallic nodule. The nodules are unattached to the seafloor; i.e., there is no need for drilling and blasting. Earlier post.)

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DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

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Taking that as a baseline, if 1 billion cars are replaced with EVs (the current global light-duty vehicle parc is soe 1.3 An electric vehicle with a 75KWh battery and NMC 811 (nickel-manganese-cobalt) chemistry needs 56 kg of nickel, 7 kg of manganese, 7 kg of cobalt and 85 kg of copper for electric wiring.

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Could Sucking Up the Seafloor Solve Battery Shortage?

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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. Raw materials nodule The Metals Company Agencies from seventeen nations have exploration contracts in the CCZ from the International Seabed Authority.

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