TMC Stock Rockets 1,000% in 6 Months, Hits $2.4B Valuation on Strategic and Political Tailwinds

Quick overview

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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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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