Why TMC The Metals Company Stock Is Plummeting Today

Shares of TMC The Metals Company (NASDAQ: TMC) are falling on Tuesday, down 8.3% as of 2:24 p.m. ET. The drop comes as the S&P 500 and Nasdaq Composite lost 0.3% and 0.2%, respectively.The company, which seeks to mine minerals from the deep sea floor, is facing significant pushback from international regulators who question the environmental impacts of the company's plans.TMC wants to mine minerals from the deep sea floor in international waters, outside of the jurisdiction of Canada -- the company is based in Vancouver -- or the United States. The company has been lobbying the International Seabed Authority, the body tasked with governing access to the ocean floor in international waters, for access to the Clarion-Clipperton Zone, an area roughly the size of India.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool