Key Metrics
15.76
Heat Index-
Impact LevelMedium
-
Scope LevelGlobal
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Last Update2025-11-27
Key Impacts
Positive Impacts (9)
Negative Impacts (1)
Event Overview
Market volatility impacts TMC's stock, reflecting the risks and opportunities in deep-sea mining. The company's strategic positioning and significant backing from Korea Zinc highlight the potential for growth in the critical metals sector, despite uncertainties.
Collect Records
The Metals Company (TMC) Stock Surges and Declines Amid Deep-Sea Mining Plans and Market Volatility
The Metals Company (TMC) has experienced significant stock volatility, with notable surges of 28.8% and 32%, reaching a 52-week high. South Korean firm Korea Zinc acquired a significant stake in TMC and backed a deep-sea mining plan, placing an $85 million bet. TMC was upgraded by Wedbush, which predicted the company would become a key player in the critical metal supply chain. TMC declared the world's first nodule reserves, with a combined net present value (NPV) of $23.6 billion. Despite these positive developments, TMC's stock faced turbulence, trading down by 5.6% and falling below $5 by mid-November. The stock later rebounded to $7.90 following Deutsche Bank's news of hiking its 2026 gold price forecast to $4,450, leading to significant after-hours gains. Long-term buyers supported the price around the 200-day simple moving average, halting the decline.