The national-scale assessment is one of the first steps in the UK Government’s critical minerals strategy.

The government has signed new agreements with Japan, Germany, the UK and India since late last year.

Automakers and steelmaking companies have shown interest in the technology, according to Gerard Barron.

The decision came after the International Seabed Authority spent the past two weeks debating standards for the new and controversial practice.

The deal will likely be similar to an agreement the US signed with Japan this week.

MINING.COM’s EV Metal Index surged to just under $27 billion in 2022 thanks to surging lithium and nickel prices, but January saw a 50% month-on-month drop.

One week from today, the auto world will know where the Biden administration stands on some of the toughest policy questions surrounding the US transition to EVs.

UK Seabed Resources holds a 100% interest in two deep sea mineral licences in the Clarion-Clipperton Zone.