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Stock impact report

Why The Metals Company's Share Price Is Popping [Yahoo! Finance]

TMC the metals company Inc. (TMC) 
Company Research Source: Yahoo! Finance
The company has no commercial revenue and remains a speculative play on deep-sea mining. 10 stocks we like better than TMC The Metals Company › After dropping more than 50% from its mid-October highs, The Metals Company (NASDAQ: TMC) hit a critical rebound at the end of November. While not quite at its 52-week high, the stock has gained 16% over the last month, with an astonishing 470% gain on the year. Although a gain like that usually signals a major fundamental shift, in TMC's case, it mainly reflects optimism about future demand for metals as the U.S. tries to reduce its reliance on China. That optimism isn't coming out of left field. In April, the White House issued an executive order (EO) explicitly targeting offshore critical minerals and deep-sea resources. Citing a "national security" interest, the EO called for the acceleration of "responsible development of seabed mineral resources," which was music to TMC's ears. Prior to this support from the White House, TMC Show less Read more
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