Report finds extracting nodules lodged in the ocean floor is rife with technical challenges and overlooks rise of innovations that would eliminate need for deep-seabed mining; warns investors to think twice before backing unproven industry.
With the environmental risks of mining the deep sea already well documented, a new report provides the most comprehensive assessment to date of the extent to which the industry is economically viable, revealing its unrealistic financial models, technological challenges and poor market prospects that gravely undermine its potential for profit.
Story by The Ocean Foundation
