Deep Sea Mining Hits Breaks As Carvalho Takes ISA Leadership
Portfolio Pulse from Stjepan Kalinic
The International Seabed Authority (ISA) has elected Leticia Carvalho as its new secretary-general, signaling a potential shift towards more environmentally friendly regulations for deep sea mining. This could impact companies like The Metals Company (NASDAQ:TMC) that are seeking licenses for mining operations.
August 05, 2024 | 2:49 pm
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The election of Leticia Carvalho as the new secretary-general of the ISA could lead to more stringent environmental regulations for deep sea mining, potentially delaying The Metals Company's (NASDAQ:TMC) plans to start mining operations.
Leticia Carvalho's background as an oceanographer and environmental regulator suggests a shift towards more stringent environmental regulations for deep sea mining. This could delay The Metals Company's plans to obtain licenses and start operations, negatively impacting its stock in the short term.
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