U.S. President Donald Trump signed an executive order Thursday to jumpstart the U.S. deep-sea mining industry. Trump seeks to secure domestic access to critical resources through this initiative and reduce America’s dependence on foreign supply chains for increasingly important commodities.
“The United States has a core national security and economic interest in maintaining leadership in deep-sea science and technology and seabed mineral resources,” Trump stated in the order, signed privately on Thursday.
The directive empowers agencies to expedite permits for mining on the U.S. Outer Continental Shelf and in international waters under the Deep Seabed Hard Mineral Resources Act of 1980. It also mandates reports and strategies across agencies to identify domestic and global seabed mineral extraction and processing opportunities.
Trump’s decision aligns with growing pressure from mining companies and U.S. allies to …Full story available on Benzinga.com
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