Donald Trump orders speedier permits for deep-sea mineral projects

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The story "Donald Trump orders speedier permits for deep-sea mineral projects" was covered 18 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 18h ago

Donald Trump orders speedier permits for deep-sea mineral projects - Financial Times

Quick Summary:

Following a Financial Times report on US stockpiling plans last month, China warned against any unilateral move on the seabed by the US.

The “international seabed area and its resources are considered the common heritage of mankind”, its foreign ministry said.“No country should bypass the ISA or international law to unilaterally authorise exploration and development activities in the international seabed area.

Discussions have centred on the resource-rich Clarion-Clipperton Zone of the Pacific Ocean between Hawaii and Mexico, where potato-sized lumps of metal found on the sea floor contain nickel, cobalt, copper and manganese, as well as traces of rare earths, all prized for their use in batteries, electrical wiring or defence applications.