Why Shares of TMC The Metals Company Are Soaring Today

Core Viewpoint - The recent surge in TMC The Metals Company's stock price is attributed to market interest in critical minerals rather than any direct company announcement [2][6]. Group 1: Company Performance - TMC shares experienced a significant drop of 9.7% before rebounding with a rise of 14.7% on the following day [1][4]. - The current stock price of TMC is $7.09, with a market cap that reflects its position in the market [4]. Group 2: Industry Context - The U.S. government is prioritizing the strengthening of its supply chain for critical minerals, particularly in light of their importance for AI technology [3]. - The Metals Company aims to produce essential metals such as cobalt, nickel, and manganese through deep-sea mining, which are crucial for energy storage and semiconductor applications [7]. - The company remains in the pre-revenue phase, indicating a higher risk investment opportunity for potential investors [8].