How Ocean Mining Could Play Out
Pandemic recovery packages for some countries have driven the demand for commodities such as lithium, iron ore and copper even higher. With the demand for metals needed for the clean energy transition and electrification increasing, many companies are thinking about venturing into ocean mining, a virtually unexplored market. Research has shown that the sea floor is abundant in various metals, with reserves estimated to be worth more than $16 trillion. Where is ocean mining expected to occur? Research has found that the Clarion Clipperton Zone, located between Mexico and Hawaii in the Eastern Pacific Ocean, has the most minerals. About…