Rare Earth Elements

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The risk of running out of rare earth metals that are essential to modern technology has led to a surge in interest in mining the deep seas.
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A new gold rush is targeting rich ores on the ocean floor containing valuable metals needed for smartphones and green technologies, but also hosting exotic ecosystems, raising questions about whether deep seabed mining is really an ecologic alternative to land-based mining.D
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Chinese researchers say they have identified a number of “strategically important” rare earth mineral deposits as part of a decade-long survey of the world’s sea floors.
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The author argues that one way the Biden Administration could meet its goal of shoring up the supply of critical rare earth metals is by signing the Law of the Sea convention, opening up the deep seabed for commerical exploitation.
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Government pledges to reach net zero emissions of greenhouse gases by the middle of this century will demand huge quantities of battery metals, some of which will be coming from polymetallic nodules on the deep seabed.
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The Metals Company, a mining interest based in Vancouver, is attempting to address the looming resource shortage for the key metals needed for electric cars by mining the deep seabed but environmentalists warn that there are still too many unknowns about the effects of these operations on the fragile seabed ecosystems.
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