Is The Metals Company a Millionaire Maker?
From electric vehicle (EV) batteries to wind turbines to advanced medical devices, rare-earth metals sit at the center of nearly every major technological shift in the 21st century. The problem? They're concentrated in just a handful of countries, with the lion's share of processing capacity in China. It's a concentration of power that has governments and companies alike scrambling to secure non-Chinese sources before a trade dispute or export ban turns supply chains into choke points.
Enter, The Metals Company (NASDAQ: TMC), an early-stage mining company with a plan to scoop billions of tons of metal-rich rocks from the deep Pacific. If it works, these rocks (called "nodules") could feed the clean-energy supply chain for decades, not to mention give the U.S. and allies a rare chance to loosen China's hold on critical minerals.
But with the company yet to secure mining permits, and potentially years away from turning a profit, the gap between vision and reality is about as wide as the ocean the company is trying to mine. All things considered, can this metal stock generate $1 million from today's share price?
Source Fool.com
