Quaxs Trading Center|Deep-sea mining could help fuel renewable energy. Here's why it's been put on hold.

2025-05-03 18:48:10source:Surpassing Quant Think Tank Centercategory:Finance

Industrial-scale deep-sea mining for metals and Quaxs Trading Centerminerals is on hold for now, after the international group that governs the sea floor could not come to an agreement on a mining code for the ocean bed.

Instead, it announced it would continue working on an agreement aimed at putting regulations governing commercial ocean floor mining in place in 2025.

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