Reuters reported that France's Renault and US carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow to an industry that aims to capitalise on demand from electric vehicle and other industries. These decisions add pressure on the nascent deep-sea mining industry which aims to extract battery metals like cobalt, nickel and manganese from potato-sized nodules.No mining of the seabed is allowed until global regulations are finalised by the UN International Seabed Authority.Companies that hold exploration licences on the seabed, including The Metals Company, GSR and UK Seabed Resources - a subsidiary of Lockheed Martin's UK-based arm hope to eventually sell seabed metals to carmakers.
Reuters reported that France's Renault and US carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow to an industry that aims to capitalise on demand from electric vehicle and other industries. These decisions add pressure on the nascent deep-sea mining industry which aims to extract battery metals like cobalt, nickel and manganese from potato-sized nodules.No mining of the seabed is allowed until global regulations are finalised by the UN International Seabed Authority.Companies that hold exploration licences on the seabed, including The Metals Company, GSR and UK Seabed Resources - a subsidiary of Lockheed Martin's UK-based arm hope to eventually sell seabed metals to carmakers.
