EPI, which measures the relative change in precious and base metals prices, weighted by the percentage of overall exploration spending for each metal as a proxy of its relative importance to the industry, was at 135.9, weighting to gold and the positive gold price performance in the quarter, S&P reports.
The battery metals start-up is investing over $60 million to accelerate a program on the potential environmental impacts of collecting polymetallic nodules from the deep seabed.
