US President Donald Trump on Thursday signed an executive order to increase the Deepsea mining industry, meaning his latest attempt to increase access to nickel, copper and other critical minerals widely used throughout the economy.
The order, which Trump signed in private, aims to increase the extraction of US and international waters as part of striving to balance wide control of China over the critical mineral industry.
Reuters informed for the first time last month that the order was meeting.
It is estimated that parts of the Pacific Ocean and elsewhere contain large amounts of potato -shaped rocks called polymetal lumps filled with component blocks for electrical vehicles and electronics.
A rover on the ocean floor brings bumps blown up with critical minerals on a mining ship.
It is estimated that over a billion tons of these nodules are in American waters and full of manganese, nickel, copper and other critical minerals, according to an administrative official.
Extracting them can increase GDP by $ 300 billion in 10 years and create 100,000 jobs, added an official.
“The United States has basic national and economic security. Maintaining leadership in the field of deep science and technology and sea DNA mineral resources,” Trump said in order.
The order requires the administration to accelerate mining permits under the Act on hard mineral resources with a deep sea from 1980 and to establish the process of issuing permits on the external continental shelf of the US.
Controversy regarding extraction in international waters
He also orders an accelerated review of permits for the extraction of sea bottom “in areas beyond national jurisdiction”, a movement that can cause friction with the international community.
The international sea bottom body – created by the UN Convention on the Law of the Sea, which the US has not ratified – has been considering deep extraction standards in international waters for years, although there is no formalization of them due to unsolved differences in relation to acceptable levels of dust, noise and other factors from practice.
There are billions of tons of valuable minerals for electric vehicle batteries and energy storage at the bottom of the ocean, and the company registered by the Canadian company races their mining. But scientists and sea environmentalists say that he probably risks the sea DNA ecosystem, which is not known about. This month, negotiations are underway in Jamaica at the International Maritime Office in Jamaica.
Supporters of Gepsea Mining say that this would reduce the need for large land mining operations, which are often unpopular in receiving communities. Environmental groups call for prohibiting all actions, warning that industrial operations on the ocean floor can cause irreversible loss of biological diversity.
“The United States government has no unilateral right to allow the industry to destroy the common heritage of humanity and tear the deep sea to profit of several corporations,” said Arlo Hemphill of Greenpeace, who opposes this practice.
Each country can allow depths to be extracted in its own territorial waters, about 200 nautical miles from the shore, and companies are already queuing in American waters.
Prime Minister Justin Trudeau says that he believes that the repetitive threats of US President Donald Trump for the Canadian Annex are partly because of his desire to control his critical minerals. Andrew Chang explains why they are so attractive to the US and how China raises the stake.
Mining companies that could benefit
Impossible metals at the beginning of this month asked the administration to start a commercial auction to gain access to nickel, cobalt and other critical minerals off the American coast.
Metals Company shares among the most outstanding mining companies-raised on Thursday by about 40 percent to reach the highest level of 52-week USD 3.39 USD per share after the Reuters report before that day on the executive order.
“Thanks to the stable, transparent and feasible regulatory path available in accordance with the existing US law, we expect the world's first commercial tumor project, responsibly and economically,” said Gerard Barron, a CEO of the company, which aims to extract nodules from the huge plain of the ocean ocean ocean between the holiday
In addition to Metals, others looking at deep mining are California metals impossible, Russian JSC Yuzhmorgeology, Blue Minerals Jamaica, China Minmetals and Kiribati's Marawa Research and Exploration.