• 3 months ago
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Congress has committed $2 million towards a deep-sea mining project, seeking to decrease reliance on foreign sources for rare earth minerals.

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Transcript
00:00Congress is looking to jumpstart the deep sea mining industry in the US.
00:08The House Armed Services Committee has directed the Pentagon to commit $2 million to a feasibility
00:14study seeking to explore ocean floor mineral refining.
00:18The process will begin once the annual defense budget is signed into law later this year.
00:24But it's likely that any funds committed to the industry won't be seen until next year.
00:30The move comes as the nation eyes ways to secure non-Chinese sources of the critical
00:36metals that are needed for the energy transition such as EV batteries, consumer electronics
00:42and defense technology.
00:45Scientists say that deep sea mining involves the harvesting of small rocks or nodules that
00:50are lying on the seabed and processing them for minerals and metals including cobalt
00:56and nickel.
00:58The investment is being praised by the deep sea mining industry who say collecting minerals
01:03from the seabed avoids damage to land-based sources of minerals.
01:08Conversely, critics argue that a deep dive for the minerals will cause irrevocable damage
01:13to an environment largely untouched by humans.

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