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How the US triggered a ‘gold rush’ in deep-sea mining

Financial Times LogoFinancial Times14h ago

How the US triggered a ‘gold rush’ in deep-sea mining - Financial Times

Quick Summary:

A mining consultant who did not wish to be named says China has run a clear “influence operation” in recent months.

Criminals use the high seas to trade guns and drugs, says Monica Medina, who was an assistant secretary of state for oceans in the Biden administration.“I would hate to see mining become yet another one of those activities,” she says.

After his administration was lobbied by the Nasdaq-listed TMC, which is believed to lead the pack among private companies, last month Trump signed an executive order asserting that the US was entitled to issue licences to mine in international waters.

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Article Details

Author / Journalist: Harry Dempsey

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 04:00:17 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 2546 words

Reading Time: 15 minutes read

Sentences: 102 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 28723835

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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