There Be Treasure in the Depths, Matey

"Knowledge of the oceans is more than a matter of curiosity. Our very survival may hinge upon it." – President John F. Kennedy, 1961

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As we have written about on numerous occasions, China enjoys a dominance in the supply and processing of such materials that gives the Middle Kingdom a powerful lever to use against most other countries – including the U.S. A critical part of the U.S.-China trade détente announced last week involved an agreement by China to suspend the restrictions on the export of rare earth metals and magnets that it had previously imposed as trade tensions escalated.

Unsurprisingly and like Joe Biden before him, President Donald Trump has devoted a significant share of his attention to strengthening U.S. access to critical minerals and metals, hoping to neutralize the potency of China's leverage. This has been an explicit and implicit part of Trump's recent moves with regard to Ukraine, the Democratic Republic of Congo, and Greenland, as well as recent proposals regarding minerals processing on U.S. military bases – to list just a few examples. 

Trump has now expanded that front to the oceans. On April 24, he signed an executive order directing the U.S. government to facilitate the deep-sea mining of critical metals, incl...
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