TMC Stock up 22% in Two Days with Policy Tailwinds and Metals Company Strategic Deals
The Metals Company (NASDAQ: TMC) is riding a wave of investor enthusiasm, surging to its highest price in years on policy changes, strategic
Quick overview
- The Metals Company (NASDAQ: TMC) has surged to its highest stock price since 2021, driven by investor enthusiasm for deep-sea battery metals mining.
- Recent policy changes, including an executive order from President Trump, have created a more favorable environment for U.S. companies like TMC to pursue mining operations.
- TMC secured $85.2 million in strategic funding from Korea Zinc, which acquired a 5% equity stake, signaling strong investor confidence in the company's future.
- Despite the stock's impressive rally, environmental concerns regarding the ecological risks of seabed mining pose potential challenges for TMC moving forward.
The Metals Company (NASDAQ: TMC) is riding a wave of investor enthusiasm, surging to its highest price in years on policy changes, strategic deals, and booming demand for battery metals.
The Metals Company Rockets to Highest Price Since 2021
Investor appetite for deep-sea battery metals mining is reaching fever pitch, and The Metals Company (NASDAQ: TMC) is riding that wave to fresh multi-year highs. After a few days of profit-taking earlier in the week, TMC’s rally reignited forcefully, delivering gains of 22% over Wednesday and Thursday to reach its best level since 2021.
The stock closed Thursday at $7.04, following back-to-back daily gains of 10% and 12%. But momentum continued even after hours, with shares hitting an intraday peak of $7.96—levels last seen four years ago. Compared to mid-December 2024, when TMC languished under $1 per share, this represents an eye-popping 1,000% return.
Technical Strength and Surging Investor Demand
Thursday’s session underscored both the stock’s momentum and investor enthusiasm. In just over an hour of trading, volume surpassed 11.4 million shares—nearly matching its entire average daily turnover of 12.06 million.
Technical indicators are also flashing bullish. The stock has outpaced even the 20-day simple moving average (SMA), a level that had reliably served as support in past moves. This runaway momentum has helped drive TMC’s market capitalization to approximately $2.4 billion, signaling renewed investor confidence in the company’s role in the global battery metals supply chain.
Policy Winds Turn Favorable
Fueling the surge is President Trump’s recent executive order, which reshapes the legal and commercial environment for deep-sea mining. The order allows U.S. companies like TMC to bypass the often slow-moving International Seabed Authority, which is tied to the United Nations, and directly pursue mining operations under U.S. jurisdiction.
Analysts have taken note of the shift. Wedbush quickly upgraded TMC from “Neutral” to “Outperform,” raising its price target from $6 to $11—the level last seen during its 2021 rally. The firm cited faster commercial pathways and a friendlier policy backdrop as major catalysts that could unlock value for investors.
Strategic Support from Korea Zinc
Investor sentiment was also buoyed by news of fresh strategic funding. TMC recently secured $85.2 million from Korea Zinc, which acquired a 5% equity stake in the company. The deal includes warrants allowing Korea Zinc to purchase additional shares at $7 over the next three years, underscoring its long-term commitment and belief in TMC’s strategic position.
The partnership is viewed as a vote of confidence in TMC’s mission to secure a critical role in the battery metals supply chain, as the world races to meet the surging demand for energy storage and electrification.
Environmental Concerns Remain a Headwind
Despite the powerful rally, TMC’s path forward isn’t without controversy. Environmentalists and some market observers continue to raise alarms about the ecological risks of commercial seabed mining.
As Earth’s last largely untouched ecosystem, the deep ocean faces unprecedented threats if large-scale mining proceeds unchecked. Critics warn that TMC—and the broader industry—could face stiff international opposition and regulatory hurdles if these environmental concerns gain traction.
Looking Ahead
While environmental debates will likely continue, for now, investor enthusiasm remains firmly behind TMC. The stock’s dramatic resurgence reflects both the booming demand for battery metals and optimism that favorable policy shifts and strategic capital will propel it into the ranks of leading suppliers in a fast-growing global industry.
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