Why TMC The Metals Company Skyrocketed Last Week

Core Viewpoint - TMC The Metals Company has experienced significant stock price increases, driven by bullish investor sentiment and potential regulatory approvals for seabed mining operations [1][2][4]. Group 1: Stock Performance - TMC's share price rose 16.3% over the past week, with a remarkable increase of 158% over the last three months and 582% year to date [1][2]. - The S&P 500 index saw a modest increase of 0.6% during the same period [1]. Group 2: Regulatory Environment - The company is anticipating major regulatory approval for seabed mining, which has fueled investor optimism despite the absence of recent news [2][4]. - In April, an executive order by President Trump aimed to expedite the review process for mining applications, leading TMC to submit its first application for seabed mining approval [5]. Group 3: Market Dynamics - Tensions between the U.S. and China regarding access to rare earth minerals have heightened the strategic importance of TMC's operations, contributing to the stock's gains [4]. - Recent developments involving Nvidia and potential export licenses for AI processors to China may introduce volatility for TMC's stock, as these negotiations could impact access to rare earth minerals [6][7][8].