Deep-sea nodule mining will not happen soon because, even if technically possible, abundant easier-to-access and easier-to-refine land-based resources (including many mothballed mines on care and maintenance) make it economically unjustifiable; such projects are mainly vehicles to attract investors.
forecastpending
Speaker
Matt SmithEvidence Quote
“I think those are probably boondoggles to draw investors in more than anything. Even if it's technically possible, it's not economically justifiable.”
Source
Matt Smith: Gold, The Changing World Order & USA Strategic Investment in Critical Mineral— Palisades Gold RadioCreated: 6/18/2026, 1:57:53 PM
My Notes
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