FT Rethink

Deep-sea mining: vital resource or environmental disaster

Henry Sanderson - Metals and mining correspondent, Financial Times

Henry Sanderson

Metals and mining correspondent, Financial Times

 

Surging demand for the metals used in electric car batteries is setting off a race to mine the deep seas. As the FT’s Henry Sanderson explains, the sea floor could contain more nickel, cobalt and rare earth metals than all land-based reserves combined. Miners say it may diversify supply, but environmentalists fear mining will do irreparable damage.

Miners say it may diversify supply, but environmentalists fear mining will do irreparable damage.

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