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The Journal.

Diving Deep for Battery Metals

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 13 September 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

As the world shifts toward green alternatives like electric vehicles and solar power, demand for metals needed for batteries has skyrocketed. WSJ’s Yusuf Khan explains mining companies are turning to a new source for metals like cobalt and manganese: the ocean floor. Further Reading: - Deep-Sea Mining Is Close to Reality Despite Environmental Concerns - TMC Gets Approval for Pilot Deep-Sea Mining Project - Environmental Investing Frenzy Stretches Meaning of ‘Green’ Further Listening: - Environmental Investing Frenzy Stretches Meaning of 'Green' - Electric Cars Need Lithium. Can Chile Provide It? - How One Company Rode the Electric Vehicle Boom to Success Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In the global fight against climate change, more technology is going green, from the cars

0:10.6

we drive to the power plants that keep the lights on.

0:13.8

All around the world, governments are building more solar parks, wind farms and hydroelectric

0:19.7

power plants to generate power.

0:21.9

As we drive to an increasingly renewable power driven grid, we also need to be able to store

0:27.9

energy and release it later.

0:29.7

The shift toward a cleaner economy is accelerating, and batteries play a central role.

0:36.3

Batteries are key to the energy transition, but to make those batteries you need metals

0:41.1

like cobalt and manganese, and those metals are hard to come by.

0:46.7

One of the main things that we're seeing within the mining sector and within the battery

0:50.0

sector is that we don't have enough resources.

0:52.5

That's our colleague, Yusuf Khan.

0:54.2

We're really struggling to get things like cobalt, lithium, nickel, and because they're

0:59.2

in short supply, we're trying to find out where we can get some more, where we can get

1:02.9

good grades, and also try and avoid harming the environment.

1:09.9

Companies are scouring the earth searching for these rare metals, and they've found

1:14.5

a lot in an unexpected place deep under the Pacific Ocean.

1:20.2

Here, scattered along the seabed, our rocks rich with these metals.

1:25.4

Companies and countries are looking at how we can, and how we extract these rocks to

1:32.9

the bottom of the seabed.

1:34.6

This potentially opens up a completely new area of to harness to mine, and the resource

1:40.6

could be huge.

...

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