Why TMC The Metals Company Stock Plummeted Last Week

Core Viewpoint - The recent geopolitical developments, particularly regarding U.S.-China trade relations, have led to significant volatility in TMC stock, which experienced a 24.8% decline last week [1][2]. Group 1: Stock Performance - TMC stock faced substantial sell-offs due to the U.S. lifting technology export restrictions on high-performance semiconductors and chip manufacturing equipment to China [2][4]. - Despite the recent pullback, TMC stock remains up 424% for the year 2025, driven by the U.S. administration's focus on enhancing mineral sourcing capabilities [5]. Group 2: Trade Relations Impact - The lifting of export restrictions is part of efforts to negotiate a trade agreement with China, which could have mixed implications for TMC's growth outlook [4][5]. - A trade agreement may reduce the urgency for TMC and other seabed mining companies to scale operations, but domestic mineral sourcing capabilities are likely to remain a national priority [6][7].