Headlines The Week: All you need to know about Varaha-1, a seabed mining machine India is developing Reuters: G7 countries say strict environmental rules needed for deep-sea mining Eco-Business: Credit Suisse joins growing list of banks shunning deep-sea mining Mining Dot Com: The Metals Company deep-water tests polymetallic nodule collector vehicle in Atlantic Daily Beast: […]
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The demand for cobalt to power a carbon-free future has been a core narrative as the deep-sea mining industry has grown over the last decade. Cobalt is a relatively rare ore whose terrestrial extraction has been rife with humans rights issues and environmental harm. Accessing a reliable supply of cobalt that could not only satisfy […]
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2019 was a landmark year for deep-sea mining. As the 25th anniversary of the International Seabed Authority, the pressure was on to advance the industry from promise to production. The surge in cobalt prices in 2018 led to renewed interest in new sources of this essential but often troubled resource but also yielded a precipitous […]
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In 1980, Dr. John B. Goodenough unraveled the electro-chemical reactions that would give birth to one of the single most important inventions of the 20th century: the lithium ion battery. The first commercially viable rechargeable lithium ion batteries were soon being produced by Dr. Akira Yoshino at Sony. Without these tiny cells’ immense potential to […]
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The Rio Grande Rise is an almost completely unstudied, geologically intriguing, ecologically mysterious, potential lost continent in the deep south Atlantic. And it also hosts dense cobalt-rich crusts. The Rio Grande Rise is a region of deep-ocean seamounts roughly the area of Iceland in the southwestern Atlantic. It lies west of the Mid-Atlantic Ridge off […]
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Reuters | 11 November 2018 A Chinese deep-sea exploration vessel has returned to port in Guangdong after collecting samples of so-called cobalt-bearing crusts during a 138-day survey in the west Pacific, China’s official Xinhua news agency reported on Sunday. Cobalt is used in batteries for electric vehicles, an important industry for China, the world’s largest […]
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Happy 2018 and welcome to our new year’s edition of the DSM Observer. As our readers return from holiday breaks and family gatherings, we embark together on what is shaping up to potentially be one of the most pivotal years yet for deep sea mining. 2017 laid the framework for much of what lies ahead […]
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MARK BURTON on BLOOMBERG MARKETS | 17 December 2017 “Cobalt left other metals in the dust this year, driven by demand from electric carmakers like Tesla Inc. But with new supply coming online and high prices likely to spur substitution and recycling, the market for the key battery component could prove choppier next year.” Read […]
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BLOOMBERG via MINING WEEKLY | 1 Dec 2017 “Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if they want to […]
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HENRY LAZENBY on MINING WEEKLY | 1 December 2017 “The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy metals’ […]
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