The article discusses President Trump's Executive Order encouraging deep-sea mining for critical minerals like nickel, cobalt, and copper to bolster the economy. While the potential financial gains could be substantial, opponents worry about ecological damage and the disregard for international regulations. Additionally, evolving market demands, particularly in battery technology, raise doubts about the economic feasibility of the mining. Concerns are voiced about the unknown effects on underwater ecosystems, which have sat untouched for millennia, as well as the need for a reevaluation of how we value oceanic resources and the services they provide.
The depths of the ocean where deep-sea mining would take place have been untouched for millennia; destroying this environment for short-term gain poses significant risks.
Cobalt demand projections have fallen below expectations, indicating that the economic viability of extracting critical minerals may not be as strong as proposed.
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