French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply chain in a blow to the nascent industry.
Moratorium calls for precautionary approach to nascent industryJOHANNESBURG, Feb 9 - French automaker Renault SA
The decision by Renault - one of France's two leading carmakers - adds to pressure on the fledgling deep-sea mining industry which aims to extract battery metals like cobalt, nickel, and manganese from potato-sized nodules on the seabed.
France holds an exploration contract, through the Institut Francais de Recherche pour l'Exploitation de la Mer , for an area of 75,000 square kilometres in the Clarion-Clipperton Zone, a vast stretch of seabed in the North Pacific rich in polymetallic nodules.Renault's logo appeared on a deep-sea mining campaignlisting the companies that have backed the moratorium, including Google, Samsung SDI and BMW Group.
The moratorium calls for a clear demonstration, before any deep-sea mining occurs, that it can be managed in a way that ensures the protection of marine habitats.
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