Critical Minerals Emerge as National Security Concern
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: Newsfilter
- National Security Focus: Critical minerals such as lithium, nickel, and cobalt are not only essential for electric vehicles and batteries but are also viewed as national security issues, prompting governments to intensify their focus on securing reliable supply sources, thereby driving long-term stable market demand.
- Deep-Sea Mineral Development: Deep-sea minerals like polymetallic nodules, rich in nickel and cobalt, are attracting investors and strategic partners, with expectations to alleviate supply shortages and reduce dependence on geopolitically risky regions, highlighting their strategic significance.
- Market Growth Outlook: The global critical minerals market is projected to grow from $328 billion in 2024 to $494 billion by 2030, reflecting that policy support and technological advancements will drive long-term growth in the sector.
- NOAA Mapping Initiative: The National Oceanic and Atmospheric Administration (NOAA) has launched a deep-sea mapping initiative aimed at collecting high-resolution seabed data to provide a scientific foundation for future mineral development, demonstrating the government's commitment to deep-sea mineral resources.
Analyst Views on OMEX
About OMEX
Odyssey Marine Exploration, Inc. is an ocean exploration company. The Company is engaged in the discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. It offers comprehensive research, marine operations, and regulatory compliance support, and works with governments and seafloor rights holders worldwide. Its projects include the Exploraciones Oceanicas Phosphate Project (ExO Phosphate Project), CIC Project, Ocean Minerals, LLC Project and LIHIR Gold Project. The ExO Phosphate Project is a rich deposit of phosphate sands located 70-90 meters deep within Mexico’s Exclusive Economic Zone. The project is located approximately 25-40 kms from the coast of Baja California Sur, Mexico. The Lihir Gold Project covers a subsea area that contains several prospective gold exploration targets in two different mineralization types: seamount-related epithermal and modern placer gold.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
