US President Donald Trump’s administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed, according to the Financial Times.
Trump has already invoked emergency powers to boost the ability of the US to produce critical minerals and make the country less reliant on foreign imports, especially from China.
There is a push to fast-track deep-sea mining applications under US law and the stockpile of metals, including rare earth minerals, is being considered as part of that effort.
China is the world's biggest supplier of rare earth minerals, accounting for almost 70% of the world's production.