Ongoing efforts to extract the metals used in car batteries were postponed Monday amid pressure from environmentalists and nations that oppose the practice..
The start of industrial-scale seabed mining to extract car battery metals from the bottom of the Pacific Ocean was delayed after the international agency charged with overseeing the work concluded hat it needed more time to finalize mining rules.
The action by the International Seabed Authority, which had set a July goal for finalizing seabed mining rules, came following pressure from environmentalists that fear it could disturb marine life.
The decision will directly impact the Metals Company, a Canadian-based mining start-up that has teamed with the small island nation of Nauru to pursue the first license to start industrial-scale mining.
