Whilst the US and China fight over critical minerals supply chain, we believe that Europe has stolen the lead in deep sea mining and now leads this industry.
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2023 has seen some significant advances in deep sea mining. Major players entered the fray, including Norway, Transocean and Loke; progress continued at TMC / NORI-D and in the Cook Islands; whilst the ISA disappointed by missing the July 9th deadline for enacting regulations.
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Deep sea mining requires the coordination between multiple different business, industries and players. This business ecosystem diagram illustrates how each component interacts in order to successfully mine deep sea minerals.
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