Key points
- The item is a Wall Street Journal video explainer on Norway’s move to explore an estimated $92 billion worth of deep-sea minerals.
- It covers cobalt, rare earths, and other raw materials found between Norway and Greenland that are needed for industries such as electric vehicles.
- The video frames the resources as geopolitically significant given China’s dominance of mineral supply, and notes the US is watching Norway’s approach closely.
Between Norway and Greenland lie some of the most valuable minerals on the planet. From cobalt to rare earths, raw materials are needed to drive multi-billion dollar industries such as EVs. These mineral reserves from the deep sea are of huge geopolitical significance as China and a few other key countries are monopolizing the supply of these materials. WSJ explains how Norways is taking a leading role in the controversial race to mine the deep sea and why the U.S. is intently watching developments.
