Trump signed a decree stimulating deep -sea mining ores

Trump signed a decree aimed at stimulating deep-sea mining. The document will expand the US access to Nickel, copper, other most important minerals widely used in the economy.

Trump believes that this will help to turn the situation with Chinese dominance in the rare-earth metals market, writes Xrust. The document with formulations covers not only US water.

It is assumed that some parts of the Pacific Ocean and other places contain large reserves in the form of polymetallic species. They will become sources of raw materials for electronics and electric vehicles.

Experts suggest that in the waters of the United States there are more than 1 billion tons of these distinctions containing manganese, nickel, copper and other important minerals. Their production can increase US GDP by 300 billion dollars over 10 years and create 100,000 jobs.

The decree instructs the administration to accelerate the issuance of permits for the extraction of minerals in accordance with the Law on solid mineral depths of the Marine Day of the Marine Day of the 1980 year and establish the procedure for issuing permits along the external continental shelf of the United States.