Core Viewpoint - The Trump administration has significantly simplified the deep-sea mining permit process to accelerate the extraction of critical metals like copper and cobalt from the Pacific seabed, aiming to reduce reliance on non-U.S. supplies [1][2]. Group 1: Policy Changes - The National Oceanic and Atmospheric Administration (NOAA) has announced a reduction in the time required to obtain permits for mining mineral-rich nodules on the Pacific seabed, potentially shortening the timeline from years to months [1]. - This policy shift aligns with Trump's administration's disregard for international institutions, opting to bypass the International Seabed Authority, which has not issued any actual mining permits despite drafting rules for 11 years [1][2]. - The new regulations allow companies to apply for exploration and commercial metal recovery permits simultaneously, streamlining the process for mining startups [2]. Group 2: Geopolitical Context - The decision is driven by geopolitical considerations, as the U.S. competes with other nations for critical product exports, particularly in the context of electric vehicles and defense industries [2]. - Approximately 80% of global cobalt and nickel production, and 90% of manganese production, is controlled by a single country, highlighting the strategic importance of U.S. mining initiatives [2]. Group 3: Industry Impact - The decision is seen as a significant positive for deep-sea mining startups, with companies like The Metals Co. experiencing a 13% stock price increase following the announcement [1]. - The CEO of The Metals Co. plans to submit a revised permit application under the new regulations and anticipates starting mining operations by the end of next year [1]. Group 4: Long-term Considerations - There are concerns regarding the sustainability of the Trump administration's unilateral actions, with legal experts suggesting that future administrations may impose stricter international laws that could undermine current permits [3]. - Environmental organizations have historically opposed deep-sea mining, arguing for stricter regulations due to the risks posed to largely unknown marine ecosystems [3].