TMC Stock Surges Above $10 on U.S. Stake Rumors and Global Battery Metal Boom
Though there are still storm clouds lurking beneath the surface, The Metals Company (TMC) is continuing its incredible comeback, supported..
Quick overview
- The Metals Company (TMC) has seen a remarkable stock surge, climbing to its highest levels in four years with a 913% year-over-year gain.
- U.S. policy shifts towards domestic control of mineral supply chains and a recent executive order have fueled TMC's ascent in the critical minerals market.
- Despite strong investor interest and strategic partnerships, TMC faces financial losses and environmental concerns related to deep-sea mining operations.
- The company's future hinges on its ability to convert policy momentum into sustainable revenue amidst ongoing regulatory and ecological challenges.
Though there are still storm clouds lurking beneath the surface, The Metals Company (TMC) is continuing its incredible comeback, supported by legislative impetus, foreign investment, and the skyrocketing demand for battery metals.
New Highs for a Rising Star
The Metals Company Inc. (NASDAQ: TMC) has captured market attention once again. Since April, the stock has attracted strong investor demand, climbing to its highest levels in four years. On Monday, TMC surged as much as 16%, touching $11.31 before settling near $10.30, lifting its market capitalization to $4.2 billion and marking a remarkable 913% gain year-over-year.
This explosive rally highlights the company’s growing importance within the critical minerals ecosystem, where cobalt and nickel play pivotal roles in global battery manufacturing.
TMC Chart Weekly – The 20 SMA Turned Into Support
After a volatile summer—during which TMC dropped 10% in both July and August and bottomed near $4.30—momentum returned strongly in September. The stock has since surged above the 20-day Simple Moving Average (SMA), which has flipped into solid technical support, with bulls now eyeing a potential retest of the 2021 high near $15.
Policy Winds Fueling the Ascent
A major force behind TMC’s climb has been shifting U.S. policy toward greater domestic and allied control over mineral supply chains. The Trump administration’s renewed focus on securing critical raw materials has ignited a sector-wide rally.
Companies such as MP Materials, Lithium Americas, and Trilogy Metals have already benefited from federal investment and loan programs, raising speculation that TMC could be next—especially as trade tensions with China continue to escalate.
The company’s focus on deep-sea mining for cobalt, nickel, and manganese nodules positions it as a potential linchpin in the race to secure resources for electric vehicles, defense, and energy storage technologies.
Executive Orders and Regulatory Boost
One of the key turning points for TMC came in Q2 2025, when President Trump signed an executive order to fast-track U.S.-based deep-sea mining projects. This allowed firms like TMC to advance operations under U.S. oversight rather than waiting indefinitely for the International Seabed Authority (ISA) to finalize global mining regulations.
Further optimism came when the National Oceanic and Atmospheric Administration (NOAA) officially confirmed TMC’s compliance with environmental and operational standards. The announcement not only strengthened investor confidence but also triggered a surge in trading volumes as speculative interest intensified.
Strategic Partnerships Reinforce Momentum
Adding to the bullish case, Korea Zinc invested $85.2 million in TMC earlier this year, acquiring a 5% equity stake along with warrants to purchase additional shares at $7 over the next three years.
This investment was widely viewed as both a strategic supply chain partnership and a powerful endorsement of TMC’s long-term vision. Following the deal, Wedbush Securities raised its price target from $6 to $11 and upgraded TMC to “Outperform,” citing an improved policy backdrop and accelerated commercialization potential.
Such institutional and foreign backing underscores growing confidence in TMC’s role as a frontrunner in the critical minerals market—particularly as the world shifts toward electric mobility and renewable technologies.
Environmental and Financial Headwinds
Despite its soaring valuation and strong policy support, TMC faces formidable challenges. Its Q2 2025 results revealed a net loss of –$0.20 per share, far below analyst expectations of –$0.05, highlighting persistent financial strain as the company scales operations.
Moreover, deep-sea mining’s environmental risks remain a source of intense debate. Marine scientists warn that extracting metals from the ocean floor could cause irreversible damage to fragile ecosystems. Environmental groups and regulatory bodies have called for stricter oversight, potentially delaying approvals or increasing costs.
These concerns create a tension between economic ambition and ecological responsibility, a balance TMC must manage carefully as it pushes toward commercialization.
Speculation Over U.S. Government Equity Backing
Adding to the frenzy, market chatter has grown around a possible U.S. government equity stake in TMC following India’s seabed mining agreement and rising global interest in marine resources.
If confirmed, such backing would mark a major policy endorsement and could open new financing channels for TMC, further strengthening its balance sheet. However, the company remains speculative—no commercial revenue yet, rising quarterly losses, and shareholder dilution remain ongoing issues.
While the uptrend momentum is strong, so too are the risks, leaving investors balancing optimism about future policy alignment against the realities of regulatory, financial, and environmental constraints.
Outlook: Opportunity Meets Uncertainty
TMC’s rise reflects more than a stock rally—it represents the intersection of energy policy, geopolitics, and sustainability. The company stands at the center of a rapidly changing global landscape for battery metals, benefiting from both industrial demand and national security priorities.
Yet, as TMC inches closer to breaking its 2021 highs, investors face a crucial question: can the company translate policy momentum and investor enthusiasm into sustainable revenue before environmental and financial pressures catch up?
For now, The Metals Company remains one of 2025’s standout stories—a bold, high-risk, high-reward play on the future of energy transition and deep-sea resource extraction.
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