• About
  • Advertise
  • Privacy & Policy
  • Contact
HK Businesswire
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

    Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

    Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

    IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

    IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

    Big step toward greener aviation: CE

    Big step toward greener aviation: CE

    HK-Dongguan biofuel hub drive flies in face of crisis

    Some lawmakers back tighter grip on claw machines

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Xiaomi Auto Delivers Over 30,000 Vehicles in April, SU7 Orders Surpass 70,000

    Lalamove Completes Cross-Harbor Drone Delivery Test in Hong Kong

    PwC Says AI Computing Power Reshaping Global Telecom Industry as China Leads Transformation

    Xiaomi Launches MiMo-V2.5 Global Open Source With Trillion-Token Incentive Program

    Alipay and Banma Launch AI-Enabled In-Car Payment Solution at Beijing Auto Show

    Xiaomi Showcases Record EV Deliveries and Teases High-Performance YU7 GT at Beijing Auto Show

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

    Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

    Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

    IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

    IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

    Big step toward greener aviation: CE

    Big step toward greener aviation: CE

    HK-Dongguan biofuel hub drive flies in face of crisis

    Some lawmakers back tighter grip on claw machines

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Xiaomi Auto Delivers Over 30,000 Vehicles in April, SU7 Orders Surpass 70,000

    Lalamove Completes Cross-Harbor Drone Delivery Test in Hong Kong

    PwC Says AI Computing Power Reshaping Global Telecom Industry as China Leads Transformation

    Xiaomi Launches MiMo-V2.5 Global Open Source With Trillion-Token Incentive Program

    Alipay and Banma Launch AI-Enabled In-Car Payment Solution at Beijing Auto Show

    Xiaomi Showcases Record EV Deliveries and Teases High-Performance YU7 GT at Beijing Auto Show

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
HK Businesswire
No Result
View All Result
Home News

Trump takes deep sea mining plunge in rare-earth hunt

Greta W. by Greta W.
25 April 2025
in News, World
0
Trump takes deep sea mining plunge in rare-earth hunt
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter
US President Donald Trump has defied international norms on the nascent field of deep-sea mining, signing an executive order expanding the practice for rare earth minerals in domestic and international waters.

White House aides say the initiative could see US operations scoop up more than a billion tonnes of mineral-rich deep-sea nodules and pump hundreds of billions of dollars into the American economy.

But the move to disrupt ocean floor ecosystems to extract cobalt and other minerals flies in the face of environmental group concerns and the controls set by global regulators at the International Seabed Authority (ISA).

Since the 1990s, the group has sought to set ground rules for the burgeoning industry’s extraction efforts in international waters.

But the United States never ratified the agreements that empowered the ISA’s jurisdiction and is not a member of the UN-affiliated body.

Instead, the Trump administration is “relying on an obscure 1980 law that empowers the federal government to issue seabed mining permits in international waters,” the New York Times reported.

Under the order, the secretary of commerce has 60 days to “expedite the process for reviewing and issuing seabed mineral exploration licenses and commercial recovery permits in areas beyond national jurisdiction.”

Commercial deep-sea mining remains in its infancy, but with a global race underway for rare earth minerals – and the industry dominated by China – Washington appears set on expanding its collection capacity to benefit its defense, advanced manufacturing and energy industries.

But environmental groups warn the process can cause major ecological damage.

“Fast-tracking deep-sea mining is an environmental disaster in the making,” said Emily Jeffers, a senior attorney at the Center for Biological Diversity.

“Trump is trying to open one of Earth’s most fragile and least understood ecosystems to reckless industrial exploitation.”

The boosted deep-sea mining policy is aimed in part at “strengthening partnerships with allies and industry to counter China’s growing influence over seabed mineral resources,” the White House said.

The ISA is scrambling to devise a rulebook for deep-sea mining, balancing its economic potential against warnings of irreversible environmental damage.

Last week the American firm Impossible Metals said it had asked US officials to “commence a leasing process” in a parcel of the Pacific Ocean surrounding far-flung US territory American Samoa.

The bid circumvents the ISA by mining within US jurisdiction, rather than international waters.

Key seabed resources include polymetallic nodules, potato-sized pebbles found at depths of 4,000 to 6,000 metres that contain manganese, iron, cobalt, copper and nickel.

Canada-based deep-sea mining frontrunner The Metals Company recently stunned industry observers with an attempt to sideline the ISA.

After years of pushing the authority to adopt rules for industrial-scale mining, The Metals Company abruptly announced earlier this year it would seek US approval instead. (AFP)

Tags: World
Greta W.

Greta W.

Read More

Holiday Travel Heats Up: Agoda Reports 81% Rise in Domestic Accommodation Searches Among Vietnamese Travelers For The Upcoming April Long Break

Holiday Travel Heats Up: Agoda Reports 81% Rise in Domestic Accommodation Searches Among Vietnamese Travelers For The Upcoming April Long Break

5 May 2026
SM Investments increases dividends by 31%

SM Investments increases dividends by 31%

5 May 2026
  • Trending
  • Comments
  • Latest

Fusion Bank Reports Doubling of Assets in 2025 on Mainland Enterprises’ Overseas Expansion

30 April 2026

Toys“R”Us Hong Kong Unveils World-Class Flagship for 40th Anniversary

2 May 2026
Park Systems Acquires Rocky Mountain Nanotechnology, Securing Supply Chain of Solid Metal Probes

Park Systems Acquires Rocky Mountain Nanotechnology, Securing Supply Chain of Solid Metal Probes

30 April 2026

Hang Seng Index drives up amid AI optimism

4 May 2026

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

5 May 2026
Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

5 May 2026
IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

5 May 2026
Big step toward greener aviation: CE

Big step toward greener aviation: CE

5 May 2026

Recent News

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

5 May 2026
Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

5 May 2026
IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

IHH Healthcare Unifies Enterprise Systems with Oracle Fusion Cloud Applications to Strengthen Care Delivery Across Markets

5 May 2026
Big step toward greener aviation: CE

Big step toward greener aviation: CE

5 May 2026
HK Businesswire

Stay ahead with the latest insights on Hong Kong’s economy, finance, and investments. From market trends to policy updates, we bring you in-depth analysis and expert opinions.

📩 Subscribe to our newsletter for exclusive updates.
📍 Follow us on social media for real-time news.
📧 Contact us: info@hongkong-invest.com

Follow Us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 by HKBusinesswire.com

No Result
View All Result

© 2025 by HKBusinesswire.com