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Key Points
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TMC The Metals Company (NASDAQ: TMC) shares surged 16.5% and are up more than 580% year-to-date.
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The gains are driven by expectations of regulatory approval for seabed mining operations.
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Tense U.S.-China relations have increased the strategic value of TMC’s mining capabilities.
TMC The Metals Company experienced a weekly gain of 16.3%, while the S&P 500 index increased by 0.6%. Share prices have soared 158% over the last three months, bolstered by optimism surrounding potential approval for mining operations following an executive order signed by President Trump in April.
However, news of Nvidia potentially receiving export licenses to sell processors in China poses risks. U.S. government officials have indicated that this development relates to negotiations for access to Chinese rare earth minerals, potentially affecting TMC’s stock as market dynamics shift.
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