TMC Stock Rockets 1,000% in 6 Months, Hits $2.4B Valuation on Strategic and Political Tailwinds
The Metals Company (NASDAQ: TMC) shares extended its explosive rally on Wednesday, hitting its highest level since 2021 as investor...

Quick overview
- The Metals Company (TMC) stock surged 16% to $7.70, marking a 1,000% gain since December 2024.
- Recent government support and an analyst upgrade have bolstered investor confidence, leading to a market cap of $2.4 billion.
- TMC secured $85.2 million in funding from Korea Zinc, enhancing its strategic position in the battery metals supply chain.
- Despite positive developments, environmental concerns regarding deep-sea mining may pose challenges to TMC's growth.
The Metals Company (NASDAQ: TMC) extended its explosive rally on Wednesday, hitting its highest level since 2021 as investor enthusiasm for deep-sea battery metals mining reached new heights.
Massive Rally Continues
TMC stock surged another 13% on Wednesday and extended those gains in after-hours trading to close 16% higher for the day at $7.70. Earlier in the session, shares reached an intraday high of $7.96 — a level last seen in 2021. This marks a staggering 1,000% gain from mid-December 2024 when shares were trading below $1.
Technical Momentum and Market Confidence
The stock’s price action is backed by powerful technical momentum. Even the 20-day simple moving average (SMA), which previously acted as support, can no longer contain the rally — signaling intense buying pressure. With this explosive rise, The Metals Company now commands a market capitalization of $2.4 billion, reflecting surging investor confidence.
Government Tailwinds and Analyst Upgrade
A recent executive order from President Trump has changed the landscape for commercial deep-sea mining, opening the door for U.S.-based firms like TMC to bypass delays from the UN-affiliated International Seabed Authority. Following the move, Wedbush upgraded TMC from “Neutral” to “Outperform” and raised its price target from $6 to $11 — the highs of 2021. The firm cited the stronger policy backing and faster commercial pathway as key drivers.
Strategic Backing from Korea Zinc
Adding to the bullish case, TMC recently secured $85.2 million in strategic funding from Korea Zinc, giving the Korean metals giant a 5% stake in the company. As part of the deal, Korea Zinc received warrants to buy more shares at $7 over the next three years — a strong vote of confidence in TMC’s long-term outlook and its role in the global battery metals supply chain.
Environmental Tensions Loom
While the political and strategic developments favor TMC’s growth plans, controversy remains. Environmentalists and some market observers continue to warn that commercial mining of the seabed — Earth’s last largely untouched ecosystem — may face fierce global resistance as concerns mount over ecological damage and long-term sustainability.
Conclusion: The Metals Company has transformed from a speculative microcap into a $2.4 billion contender in the race for critical battery metals, riding a wave of government support, institutional investment, and global resource demand. With strategic backing from Korea Zinc and a faster regulatory path, TMC is positioning itself as a pivotal player in the energy transition — but environmental pushback may still shape its ultimate trajectory.
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