CleanTechnica•8 months ago
Seabed Mining Meets Reality: What the Technoeconomic Evidence Shows
- •A technoeconomic assessment likely indicates significant cost and technical hurdles for seabed mining, challenging its viability as a large-scale, cost-effective source of critical minerals.
- •If seabed mining proves uneconomical, it reinforces reliance on terrestrial mining and recycling for materials like nickel, cobalt, and copper, potentially leading to higher prices and supply chain volatility for battery storage, EV, and renewable energy components.
- •The involvement of ocean protection groups suggests increasing regulatory scrutiny and potential for moratoriums, adding uncertainty and risk to any future seabed mining ventures and impacting long-term mineral supply strategies.
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