The Metals Company is a startup that deals (or is supposed to deal) with collecting nodules from the seabed. It is currently flying on the wings of Trump's support for mining rare earth minerals on the seabed (link). The problem is the uneconomical nature (for now) of such operations. The story is reminiscent of Transocean (
RIG) - the company has been dying and dying for years and is never profitable.
RIG) - the company has been dying and dying for years and is never profitable.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.