Michael Lodge, secretary-general of the ISA, told CNBC that global interest in deep-sea mining has climbed to levels not seen since the 1970s.
Scraping the ocean floor for a treasure trove of valuable metals is likely just a matter of time, according to the head of the International Seabed Authority.
Activists at a "Look Down action" rally to stop deep sea mining, outside the European Parliament in Brussels on March 6, 2023.It's likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality, according to the head of the International Seabed Authority, the U.N. regulator that oversees deep-sea mining.
"That's the commercial driver and certainly there is vast resource potential in seabed minerals. The question is whether they can in the end be produced economically," he added. When asked whether it was now likely a matter of time before countries begin deep-sea mining, ISA's Lodge replied, "Clearly now, we are reaching a very high level of interest so I would say that yes it seems to be inevitable."
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