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Trump sets first-ever auction of US deep-sea mining rights

The Trump Administration on Oct. 19 announced an auction of deep-sea mining leases off the coast of American Samoa, the first-ever offering of offshore mining leases by the U.S. government. If the Nov. 19 auction of roughly 31 million acres of ocean floor leads to the envisioned extraction, it would comprise the first-ever deep-sea mining in the world. The ocean floor off of Samoa could contain rich deposits of critical minerals essential for sustainable energy production. Launching deep sea mining

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Trump sets first-ever auction of US deep-sea mining rights

The Trump Administration on Oct. 19 announced an auction of deep-sea mining leases off the coast of American Samoa, the first-ever offering of offshore mining leases by the U.S. government. If the Nov. 19 auction of roughly 31 million acres of ocean floor leads to the envisioned extraction, it would comprise the first-ever deep-sea mining in the world. The ocean floor off of Samoa could contain rich deposits of critical minerals essential for sustainable energy production. Launching deep sea mining

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ENERGY & COMMODITIES NEWS

IEA study predicts a more electric future

The future will be electrified, or at least it could be one-third electrified in the next decade. If global economies made a more concerted effort to benefit from the efficiencies of electric energy, it would be possible to provide 33%...

FOOD & AGRICULTURE NEWS

US and Morocco commit to cooperate on minerals, security

Last week’s exchange between the leaders of Morocco and the U.S. reaffirmed security and economic ties that are essential to regional stability and America’s critical mineral supply. “Your vision for economic growth opens new prospects for prosperity for both our...

Why beef prices are going up and staying up

From barbecue to burgers to steak, beef is omnipresent in the American diet, but everyday Americans are despairing to find prices rising month after month with no relief in sight.  Consumers are asking why beef prices are so resistant to...

War’s impact on food prices may last long after conflict ends

As the U.S.-Iran conflict drives up the cost of oil, prices for food are going up too, and there are concerns that they won’t be coming back down after the war. Analysts say the historic drops in global oil supplies mean oil prices will stay high even after tankers start moving freely through the Strait of Hormuz, but there are expectations that those prices will drop once oil reserves are stocked again. When it comes to food, the higher prices

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War’s impact on food prices may last long after conflict ends

As the U.S.-Iran conflict drives up the cost of oil, prices for food are going up too, and there are concerns that they won’t be coming back down after the war. Analysts say the historic drops in global oil supplies mean oil prices will stay high even after tankers start moving freely through the Strait of Hormuz, but there are expectations that those prices will drop once oil reserves are stocked again. When it comes to food, the higher prices

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ESG NEWS