Trump Signs Executive Order to Promote Deep-Sea Mining
Last Thursday, Trump signed an executive order aimed at promoting deep-sea mining. The document will expand U.S. access to nickel, copper, and other critical minerals widely used in the economy. Trump believes this will help counter China’s dominance in the rare earth metals market, writes https://xrust.ru/. The document’s provisions extend beyond U.S. waters. It is believed that certain parts of the Pacific Ocean and other regions contain large deposits of polymetallic nodules. These will serve as sources of raw materials for electronics and electric vehicles. Experts estimate that U.S. waters hold over 1 billion tons of these nodules, which contain manganese, nickel, copper, and other critical minerals. Mining them could increase the U.S. GDP by $300 billion over 10 years and create 100,000 jobs. The order directs the administration to expedite the issuance of mining permits in accordance with the Deep Seabed Hard Mineral Resources Act of 1980 and to establish a process for issuing permits along the U.S. outer continental shelf.
https://xrust.ru/news/311091-tramp-podpisal-ukaz-stimulirujuschij-glubokovodnuju-dobychu-rud.html
