(AmericanProsperity.com) – According to experts, there is a great possibility that humans will be scouring the bottom of the ocean for metals soon due to the market and our growing technology that now makes it possible.
The Head of the International Seabed Authority, who oversees ocean mining, said that it is only a matter of time before we are headed to the bottom of the ocean for metals. The Secretary General of the ISA, Michael Lodge, said that there is a huge market for ocean mining right now especially because of the industry’s role in the energy transition that will be occurring soon.
“One of the main drivers of industrial interest is the potential to produce larger quantities of minerals at equivalent or lower cost to what can be produced on land,” Lodge said. “The resource potential is absolutely there. This is clear. The technology is advanced, so it seems like it is possible. And at the same time, it is very clear also that demand for minerals is increasing exponentially and is only going to continue to increase,” Lodge continued.
There have been talks recently of deep sea mining in Kingston, Jamaica next month, which could have prompted this conversation among experts. The ISA will be in charge of deep-sea mining as they regulate mining and other related activities in areas that cover about 54% of the world. The ISA consists of 168 members between the member states and the European Union, which doesn’t include the United States as they’re not a part of the ISA.
Deep sea mining is somewhat controversial and the process involves using heavy machinery at the bottom of the ocean to extract heavy metals from the ocean floor. Essentially, this could help to recover metals such as Nickel, Cobalt, Copper, and Manganese. One of the biggest factors is that experts don’t know the full environmental effects of deep-sea mining.
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