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Seafloor mining fever drives $2.9 billion merger DeepGreen plans to extract cobalt and other battery metals from the seabed. ( Image courtesy of DeepGreen.) Littering the abyssal plain of the Pacific Ocean are an estimated 21 billion tonnes worth of polymetallic nodules containing high grades of manganese, nickel, copper and cobalt – the battery metals that Tesla (Nasdaq: TSLA) has warned may soon be in short supply. They sit on top of the sea floor just waiting to be hoovered up, and several companies, including one from Vancouver, DeepGreen Metals, is in the race to begin harvesting them. Sign Up for the Battery Metals Digest

United statesBritish columbiaFrank giustraBrian paes bragaPacific oceanMickey fulpGerard barronJoe bidenInternational seabed authorityWorld bankSea conservation coalitionMetals coSustainable opportunities acquisition corpAllseas groupUnited nations conventionLockheed martin