US deep-sea mineral processing plant planned by Glomar, Australia's Cobalt Blue - Reuters

Reuters
March 29, 2026
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3 min read

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The Bottom Line

Glomar and Cobalt Blue plan a U.S. deep-sea mineral processing plant for critical minerals.

How This Affects You

This project may improve U.S. supply chains for minerals used in batteries and electronics, potentially stabilizing prices for consumer goods containing these materials.

AI Summary

Glomar and Australia's Cobalt Blue are planning to build a deep-sea mineral processing plant in the United States. The project reflects growing interest in processing minerals extracted from the ocean floor, which could provide alternative sources for battery materials and other industrial inputs. Deep-sea mining has become a focus for companies and governments seeking to reduce dependence on land-based mineral extraction and terrestrial supply chains. The venture signals potential expansion of marine resource development in U.S. waters, though deep-sea mining remains a contentious issue due to environmental concerns about ocean ecosystems. Details on the plant's location, timeline, and scale were not specified in available reporting.

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