Moderator: Eric Young, Host of the Elements of Deep Sea Mining PodcastFor: Oliver Gunasekara, CEO & Co-Founder, Impossible MetalsAgainst: Victor Vescovo, Founder and CEO of Caladan Capital🎙️ Episode OverviewIn this debate, Oliver Gunasekara and Victor Vescovo examine whether deep sea mining is necessary to meet rising global demand for critical minerals. Moderated by Eric Young, this discussion explores the environmental, economic, geopolitical, and technological dimensions of seabed resource collection.📝 Episode DiscussionAs the world accelerates toward electrification and clean technologies, demand for nickel, cobalt, manganese, and copper is surging. Can seabed minerals contribute meaningfully — and responsibly — to global supply?The speakers debate:* Whether deep sea mining provides minerals essential to the energy transition* Environmental risks, uncertainties, and the role of selective collection* Technology readiness, robotics, and operational challenges at depth* The economics of seabed mining compared to terrestrial sources* Global competition, particularly China’s supply chain dominance* Regulatory frameworks, observers, and environmental impact assessments* How little or how much seabed disturbance is acceptable* Whether the industry is inevitable — and who should lead it⏱️ Episode Timeline* Environmental impact concerns and biome uncertainty (00:16:03–00:16:48)Oliver responds with data on seafloor science and the 6% selective-removal model (00:17:00–00:17:36)Debate over whether 6% collection speed is realistic (00:18:05–00:18:14)* How essential are these minerals? Market size, value distribution, and copper/cobalt/manganese demand (00:20:48–00:22:43)Oliver’s response on copper demand and future price pressures (00:22:47–00:23:07)* Technology readiness, risk stacking, and startup innovation under uncertainty (00:47:14–00:48:22)Victor’s argument on risk multiplicativity in complex systems (00:48:03–00:49:17)* Operational challenges: sea state, lift systems, DP avoidance, subsea engineering heritage (00:43:48–00:45:29)Victor counters on deployment difficulty, untested depths, and complexity (00:45:36–00:45:58)* Power requirements for recharging AUV fleets (00:46:03–00:46:36)Oliver explains ship-based power generation and upcoming 6 km rating (00:46:42–00:47:03)* Environmental impact assessments, regulation, and precision collection (00:53:52–00:54:44)Victor’s call for independent technical and financial observers (00:55:35–00:55:56)* Selective collection economics: arm count, speed tradeoffs, and vehicle optimization (00:56:07–00:57:46)* Geopolitics: China’s supply chain dominance, strategic risks, and why nations are investing (01:03:41–01:05:14)* Closing arguments: technological feasibility, economics, and long-term relevance of DSM (01:29:11–01:30:34)Moderator’s closing thanks and wrap-up (01:30:36–01:30:46)🔑 Key Takeaways* The debate centers on whether seabed minerals are necessary or marginal in the global metals landscape.* Environmental uncertainty remains a major point of disagreement, especially regarding disturbance, sediment, and biome effects.* Selective, low-impact collection is presented as a pathway to dramatically reduce disturbance — while critics question its feasibility at scale.* The economic viability of seabed mining depends heavily on technology readiness, collection speed, and capital costs.* Geopolitical pressures, particularly China’s dominance in metal processing, influence interest in alternative mineral sources.* Regulation, transparency, and independent oversight are viewed as essential regardless of method.* Both sides agree that strong environmental laws and rigorous monitoring are required before any commercial activity proceeds. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit impossiblemetals.substack.com

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related