Norway plans to become first country to mine the seabed

Norway is considering a groundbreaking move to become the first country to initiate commercial deep-sea mining, subject to parliamentary approval of the government’s proposal to open a vast offshore area larger than the United Kingdom for this purpose. The proposed area, between Jan Mayen island and the Svalbard archipelago, covers about 280,000 square km (108,000 square miles).

The primary motivation behind this move is to reduce Europe’s dependence on China for critical minerals essential in manufacturing electric vehicle batteries, wind turbines, and solar panels. Additionally, it aligns with Norway’s strategic shift towards developing new maritime industries due to the anticipated gradual decline of its primary export, oil, and gas from offshore reserves.

The Norwegian government-sponsored survey indicates the presence of significant amounts of metals and minerals, including copper, rare earth elements, and others in polymetallic sulphides and manganese crusts found in the deep seabed. These minerals are vital for various industries, particularly those driving the clean energy transition.

While concerns about potential environmental impacts persist, the government-commissioned impact study suggests the impact would likely be localized to the actual extraction area and minimal on fisheries. However, the gaps in knowledge about deep-sea biology and ecosystems pose challenges in assessing the potential risks accurately.

The proposal has faced criticism from environmental groups, emphasizing the need for a more thorough understanding of the deep-sea ecosystem before granting mining rights. Other countries, such as Denmark and Iceland, have also raised concerns about the adequacy of Norway’s environmental study and its exclusive rights to explore for seabed minerals.

The lack of commercially available technology for seabed mineral extraction necessitates further research and development in this field. While there have been attempts to collect mineral samples from the ocean floor using undersea robots and drilling machines, commercial-scale extraction remains a technological challenge. Norwegian companies that provide technology and services to the oil industry are exploring possibilities in deep-sea mining, potentially involving cutting, crushing, and bringing rocks to the surface for mineral extraction.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

After NATO pledge, EU plans budget tools to bridge defence investment gaps

The European Commission plans to earmark a portion of its forthcoming European Competitiveness Fund for key strategic areas — namely resilience, defence, and space — as it seeks to address years of underinvestment in sectors now viewed as critical to the European Union’s security and autonomy.

The proposal is expected to be part of the EU’s next Multiannual Financial Framework (MFF) for 2028–2034, which will set the bloc’s long-term budget priorities. Commission President Ursula von der Leyen and foreign policy chief Kaja Kallas outlined the plan in a letter to EU leaders ahead of a summit in Brussels, calling for “substantial funding” to narrow the bloc’s capability gaps, particularly in the defense sector.

China’s Tsingshan starts commercial production at Indonesia nickel refinery

Chinese nickel producer Tsingshan Group has reportedly commenced commercial production of refined nickel at its plant in Morowali, Indonesia. The facility, which boasts a planned annual capacity of 50,000 metric tons, is said to have started commercial production last week, according to sources familiar with the matter. However, the sources chose to remain anonymous as they are not authorized to speak to the media.

Tech and pharma in crosshairs as Trump expands tariff campaign

The Trump administration is moving ahead with formal investigations into imports of pharmaceuticals and semiconductors, laying the groundwork for new tariffs on both sectors under national security provisions, according to filings published Monday in the Federal Register. The move marks the latest expansion of President Donald Trump’s aggressive tariff regime and further underscores his use of trade tools to remake U.S. supply chains in strategic industries.

The probes, initiated under Section 232 of the Trade Expansion Act of 1962, will assess whether foreign reliance on chips and pharmaceuticals poses a national security risk. Section 232 allows the president to impose tariffs unilaterally if an import is deemed to harm U.S. security interests. The Trump administration has invoked the statute extensively since returning to office in January, citing it to justify sweeping duties on steel, aluminum, and automotive goods.

Stay informed

error: Content is protected !!