The prospect of deep-sea mining may seem like a solution to our ever-growing fuel crisis. Polymetallic nodules that sit on the ocean floor are made up of the very type of metals that so-called ‘green’ companies need to build batteries.
Nickel, cobalt, lithium, and graphite have major supply chain issues, as extractive mines are overwhelmed while companies and countries race to control the supply before others.
On the surface, it makes sense when companies such as The Metals Company (TMC), and its CEO Gerard Barron, go on Bloomberg to pontificate about the eco-friendly process of extracting these deep-sea nodules.
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