Latest news with #deepseamining
Yahoo
4 hours ago
- Business
- Yahoo
Why Shares of The Metal Company Skyrocketed 489.3% in the First Half of 2025
Shares of prospective deep-sea miner The Metals Company extended their gains from 2024 through the first half of 2025. Several executive orders addressing the nation's supply of critical minerals motivated investors to buy The Metals Company stock. In the pre-revenue phase of its development, The Metals Company should be a consideration only for those comfortable with higher-risk investments. 10 stocks we like better than TMC The Metals Company › Beginning the new year on the heels of a 19.1% gain in 2024, The Metals Company (NASDAQ: TMC) raced considerably higher in January, and the momentum not only extended but also ramped up higher over the ensuing months. According to data provided by S&P Global Market Intelligence, shares of prospective deep-sea mining company The Metals Company skyrocketed 489.3% through the first six months of 2025. It didn't take President Donald Trump long to settle back into the Oval Office before expressing his interest in shoring up America's supply of critical minerals. On the same day as his inauguration, President Trump issued two executive orders addressing a variety of issues with respect to natural resources, including critical minerals. Investors rushed to purchase The Metals Company stock, inferring that the new Trump administration would be more enthusiastic about removing the regulatory hurdles that have impeded the company's progress. The Metals Company is working toward collecting nodules located on the sea floor to produce cobalt, copper, manganese, and nickel -- which, except for copper, the U.S. recognizes as critical minerals. But it was Trump's action in April that really sent shares soaring. Affirming the nation's "core national security and economic interest in maintaining leadership in deep sea science and technology and seabed mineral resources," Trump issued an executive order that asserts it's the nation's policy "to advance United States leadership in seabed mineral development." On the day Trump issued the executive order, The Metals Company stock closed 45% higher than the day before. Enthusiasm for the stock extended into May, when The Wall Street Journal prominently featured the company, and an analyst assigned a bullish price target of $5.50. On the day prior to the analyst announcing the price target, shares had closed at $4.45. Things further heated up in June, when the company announced Korea Zinc would make an equity investment of $85.2 million in exchange for 19.6 million common shares. With the incredible performance of The Metals Company stock in the first half of 2025, it's no wonder that prospective investors may question whether there's still room for the stock to run. Whether the stock can continue to rise in the second half of 2025 isn't the best question, however. Instead, those wondering whether they should click the buy button would be better advised to consider their risk tolerances. The Metals Company is still in the pre-revenue phase of its growth, and there's no certainty that the company, if it does succeed in commencing commercial operations, will ultimately be profitable. Therefore, only those comfortable with a more speculative investment should consider a position at this time. Before you buy stock in TMC The Metals Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TMC The Metals Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of The Metal Company Skyrocketed 489.3% in the First Half of 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ABC News
a day ago
- Politics
- ABC News
Fiji enthralled by the return of the Mara chiefly dynasty
On the program this week: Excitement in Fiji as Ratu Tevita Mara, son of the country's founding prime minister, becomes the high chief of the Lau islands in a series of sacred rituals over several days. Pressure on the International Seabed Authority to finalise regulations to govern deep-sea mining in international waters as the United States looks to forge ahead on its own. Tonga's government strengthens its cyber security capabilities after data at the country's largest hospital was hacked and encrypted for ransom. Australian Federal Police to be embedded with Fiji's police force to combat multinational drug syndicates using Pacific islands as smuggling staging points. And a partnership between the Australian and Papua New Guinean Defence Forces is helping PNG military pilots get their commercial pilots licences.
Yahoo
2 days ago
- Business
- Yahoo
TMC (TMC) Falls on Uncertainties from Deep-Sea Mining Talks
TMC the metals company Inc. (NASDAQ:TMC) is one of the . TMC dropped its share prices for a third straight day, losing 4.42 percent to close at $6.27 apiece as investors continued to unload positions amid uncertainties in the resumption of deep-sea mining talks. This is after the International Seabed Authority (ISA) announced the revival of negotiations on the controversies surrounding deep-sea mining, following President Donald Trump's order last April to fast-track permits for deep-sea mining even beyond US waters, taking advantage of its non-membership in the organization. Sentiment was further dampened by TMC, the metals company Inc.'s (NASDAQ:TMC) bypassing of the ISA after its immediate submission of its first offshore license application, despite being a Canadian company and with Canada being a member of the organization. In recent news, TMC the metals company Inc. (NASDAQ:TMC) earned an 'outperform' rating from Wedbush and an $11 price target, a significant upgrade from its 'neutral' stance and $6 price target previously. A tunneling machine underground, deep in the mine to extract the polymetallic nodules. According to Wedbush, the upgrade was based on a stronger US government from President Donald Trump's executive order in April, 'Unleashing America's Offshore Critical Minerals and Resources,' which could allow TMC the metals company Inc. (NASDAQ:TMC) to bypass the UN-affiliated International Seabed Authority and ramp up production in the Clarion Clipperton Zone. While we acknowledge the potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
ABC News
6 days ago
- Business
- ABC News
Pressure mounts on the International Seabed Authority to deliver deep-sea mining regulations that are still 'two to three years' away
Delegates from around the world, including those on both sides of the deep-sea mining divide in the Pacific, have arrived in Jamaica for the 30th session of the International Seabed Authority Assembly and Council. The gathering comes hot on the heels of the delivery of new research into the potential environmental impacts of mining the seabed, and a matter of months after US President Donald Trump signed off on an executive order designed to open up US and international waters to mining companies. So now, with pressure mounting on the ISA, the hope is they will move closer to finalising regulations for deep-sea mining in international waters at last.
Malay Mail
04-07-2025
- Science
- Malay Mail
Deep-sea mining may harm marine life from seabed creatures to sharks, Aussie study finds
SYDNEY, July 4 — Deep-sea mining could impact marine life stretching from the tiniest bottom dwellers to apex predators like swordfish and sharks, a major piece of industry-funded research found yesterday. The Metals Company—a leading deep-sea mining firm—paid Australia's government science agency to pore through data collected during test mining in the remote Pacific Ocean. Huge tracts of Pacific Ocean seabed are carpeted in polymetallic nodules, bulbous lumps of rock that are rich in metals used in battery production—such as cobalt and nickel. The Metals Company is pushing to be the first to mine these nodules in international waters, striving to exploit a remote expanse known as the Clarion-Clipperton Zone. Australia's government science agency released a series of technical reports yesterday detailing how mining could be managed. Bottom-dwellers such as sea cucumbers, marine worms, starfish and crustaceans could see 'significant declines in abundance immediately following mining', research found. Some of these species would partially bounce back within a year, but filter feeders and other tiny organisms that feast on seabed sediments showed 'minimal recovery'. 'On the seafloor, our research shows that there are substantial local impacts from different mining operations,' scientist Piers Dunstan said during a briefing. Deep-sea mining companies are still figuring out the best way to retrieve nodules that can lie five kilometres (three miles) or more beneath the waves. Most efforts focus on robotic harvesting machines, or crawlers, which hoover up nodules as they rove the ocean floor. The Australian scientists looked at how sharks and fish might be harmed by plumes of sediment discharged as mining waste. In some scenarios, apex predators could see toxic metals start to build up in their blood after prolonged exposure to these plumes. 'Long-lived top predators, such as swordfish and large sharks, accumulated the highest simulated metal concentrations,' scientists noted in one report. Risk of harm Simulations showed blood metal concentrations would not exceed international health guidelines, and impacts were less pronounced if sediment was discharged at a greater depth. 'This project helps ensure that if deep-sea mining were to go ahead, there is a clear approach to understand potential risks and impacts to marine life and ecosystems,' Dunstan said. Canada-based The Metals Company is striving to start industrial deep-sea mining in the Clarion-Clipperton Zone within the next two years. The International Seabed Authority—which oversees deep-sea mining in international waters—has yet to adopt long-awaited rules governing the industry. The Metals Company has indicated it could forge ahead even without the authority's approval, pointing to an obscure US law that says American citizens can recover seabed minerals in areas beyond the nation's jurisdiction. The firm paid Australia's Commonwealth Scientific and Industrial Research Organisation—or CSIRO—around US$1 million to compile the reports. CSIRO stressed it was not for, or against, deep-sea mining—but that its work would help to measure and monitor impacts should it go ahead. Energy transition expert Tina Soliman-Hunter said it was one of the 'most comprehensive' pieces of research on deep-sea mining to date. 'Without such research, there is a risk of harm from mining activities that can persist for generations,' said Soliman-Hunter, from Australia's Macquarie University. Found in international waters between Mexico and Hawaii, the Clarion-Clipperton Zone is a vast abyssal plain spanning some 4 million square kilometres (1.7 million square miles). — AFP
