The Metals Company and Allseas Announce Proposed Economic Terms for Developing and Operating the World’s First Commercial System to Collect Deep-Sea Polymetallic Nodules to Meet Surging Demand for Critical Battery Metals
Polymetallic nodules contain high grades of nickel, manganese, copper and cobalt key metals required for building electric vehicle batteries, renewable energy technologies and steel for infrastructure.
- Polymetallic nodules contain high grades of nickel, manganese, copper and cobalt key metals required for building electric vehicle batteries, renewable energy technologies and steel for infrastructure.
- TMCs nodule portfolio in the CCZ is estimated to be the worlds largest undeveloped single source of critical battery metals.
- The demand for these metals is surging and commodity prices for metals contained in nodules have all hit multi-year highs.
- TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.