Deep-sea mining industry
Coverage of Deep-sea mining industry in the Nexus archive.
- Takeaways from AP’s report on deep-sea mining
The Trump administration is fast-tracking deep-sea mining permits through an executive order signed in April 2025, with at least nine companies seeking access to seafloor minerals rich in manganese, copper, nickel, and cobalt. Potential lease sales are planned for summer and fall 2026, though concerns remain about companies' track records and unanswered questions about mineral processing.
- Companies join a deep-sea mining rush after Trump executive order, as regulators fast-track permits
Following Trump's executive order to develop a deep-sea mining industry, at least nine companies are pursuing permits to mine seafloor minerals from American Samoa to Alaska, with stock prices rising and federal regulators fast-tracking approvals. However, experts raise concerns about the companies' uncertain financial models, questionable track records, and unresolved questions about mineral processing.