White House weighs executive order to fast-track deep-sea mining, Reuters says

The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations, Reuters’ Ernest Scheyder and Jarrett Renshaw report. If signed, the order would mark U.S. President Donald Trump’s latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy after recent efforts in Greenland and Ukraine. Trump earlier this month also invoked emergency powers to boost domestic minerals production, the authors note. Shares of The Metals Company (TMC) have jumped in afternoon trading following the news. Other publicly traded companies in the space include Glencore (GLNCY) and Commercial Metals (CMC).