Can Seafloor Rocks Break China's Grip on Battery Metals? for NASDAQ:TMC by UDIS_View
The Metals Company (NASDAQ: TMC) has delivered one of the sharpest round trips on the Nasdaq. Shares climbed more than 450 percent through 2025. They then gave back nearly 49 percent during 2026. The stock now trades near four dollars, implying a market capitalization around 1. 7 billion dollars. The second quarter of 2026 produced a net loss of $ 60. 1 million. Available liquidity stood at 143 million dollars on June 30, 2026. The drawdown reflects extended regulatory timelines rather than …
The Metals Company (NASDAQ: TMC) has delivered one of the sharpest round trips on the Nasdaq. Shares climbed more than 450 percent through 2025. They then gave back nearly 49 percent during 2026. The stock now trades near four dollars, implying a market capitalization around 1. 7 billion dollars. The second quarter of 2026 produced a net loss of $ 60. 1 million. Available liquidity stood at 143 million dollars on June 30, 2026. The drawdown reflects extended regulatory timelines rather than engineering failure. The strategic case rests on supply chain geopolitics. China dominates onshore refining of critical minerals. Washington wants independence in nickel, cobalt, copper, and manganese. Polymetallic nodules sitting on the abyssal plain carry all four in concentrated form. Those metals feed electric vehicles, defense platforms, and artificial intelligence data centers. TMC abandoned its reliance on the International Seabed Authority after repeated delays. Executive Order 14825 now directs federal agencies to accelerate deep-sea mineral licensing. It also instructs military agencies to assess nodule off-take for defense stockpiles. Regulatory progress is measurable. NOAA confirmed full compliance for the USA-A application in April 2026, covering 65,000 square kilometers and 619 million tonnes of nodules. The agency formally certified the USA-B application in May 2026, spanning 122,000 square kilometers and over one billion tonnes. Certification for the consolidated USA-A filing is expected in October 2026. Final commercial recovery permits should arrive before vessel deployment in late 2027. The hardware is already advancing toward commissioning. Allseas converted the ultra-deepwater vessel Hidden Gem into the collection platform. A 4. 5-kilometer flexible riser lifts nodules using subsea air injection. The seafloor crawler uses Coandă-effect nozzles that collect without touching the seabed. Digital twin systems and AI algorithms tune collector speed and pumping rates in real time. A services agreement with Mariana Minerals targets battery sulfate refining at the Port of Brownsville. Initial nameplate capacity of three million wet tonnes annually implies 1. 25 to 2. 5 billion dollars in revenue. Analyst consensus remains a strong buy, with targets ranging from 10. 00 to 12. 25 dollars. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.