TMC the metals company Inc (TMC) Soars 17.7% as Countries Join Forces to Ramp up Critical Minerals Production

Group 1 - TMC the metals company Inc (NASDAQ:TMC) experienced a significant stock increase of 17.74% on Tuesday, closing at $7.40, driven by positive investor sentiment related to U.S. alliances for critical minerals development [1][3] - The U.S. is set to meet with representatives from several countries, including Japan, South Korea, and the UK, on December 12 to discuss global critical minerals expansion and reduce reliance on China [2] - TMC focuses on deep-sea mining for essential minerals like nickel and copper, which are crucial for semiconductor and AI industries [4] Group 2 - TMC reported a substantial widening of its net loss in Q3, increasing by 800% to $189.39 million from $20.5 million in the same period last year [4] - Despite the challenges, there is a belief that TMC has potential as an investment, although some AI stocks may offer better returns with lower risk [5]