It’s more than the EV market. It’s all the legacy automakers rushing to keep up with Tesla, so it’s the auto industry.
Ford sales were down last quarter their EV sales were up. Collectively legacy OEM’s have pledged 20 billion in battery factories and most of them are building a battery factory. It’s not EV sales it’s auto sales as we are finally starting to shift to electric cars.
Tesla is planning on 50k semis, then there’s stationary storage from Tesla and other companies.
Current terrestrial mining operations do not have capacity to meet coming demand.
Plus Build Back Better ensures that batteries must be made domestically from American mining. Every indication from TMC shows materials going to processing on the west coast.
The “mining” operations for TMC involved scooping these nodules up from the ocean floor as they’re not attached. So there’s no drilling, processing or runoff
You are right, environmentalists are concerned about the noise and sediment pollution on the ocean floor, but my prediction is this will be like most instances of extracting resources, the financial opportunity will prevail.
We’re talking about billions of dollars sitting on the ocean floor. We don’t have the capacity with current mining and we don’t have to time to open new terrestrial mines, they present even worse issues with regard to pollution and child labor. Just look to cobalt as an example.
AI
Market Data 
Markets 
