I Wouldn't Touch The Metals Company Yet -- Here's the One Number I'm Waiting On
The Metals Company has vast upside from its deep-sea mining business.
Overview
The United States desperately needs to secure critical minerals and reduce reliance on Chinese-sourced supplies, and TMC The Metals Company (NASDAQ: TMC) is one mining company looking to fill that gap. The company is exploring deep-sea mining, which could unlock a wealth of critical metals crucial to many of today's modern technologies.
TMC is seeking regulatory approval to start commercial mining operations in the Pacific Ocean, which could be a massive catalyst for the stock. That said, the company is still in its early stages and isn't an ideal pick for most investors right now. Here's one number investors should watch closely to gauge whether TMC stock is a buy.
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Originally published at www.fool.com.