IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▲ 0.22% USD/MXN 17.28 ▼ 0.07% USD/CLP 890.58 ▲ 0.28% USD/COP 3,575 ▲ 0.27% USD/PEN 3.40 ▼ 0.09% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 57.88 ▲ 0.23% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.69 ▲ 0.44% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.83 ▼ 0.54% BRENT 97.89 ▲ 1.97% WTI 95.67 ▲ 2.04% IRON ORE 161.91 — — COPPER 6.61 ▼ 0.65% GOLD 4,491 ▲ 0.04% SILVER 74.80 ▼ 0.68% SOY 1,172 ▲ 0.56% CORN 441.75 ▲ 0.28% WHEAT 605.75 ▲ 0.46% COFFEE 258.50 ▼ 0.27% SUGAR 14.48 ▲ 0.70% ORANGE JUICE 160.00 ▲ 6.67% COTTON 76.50 ▼ 0.70% COCOA 4,050 ▼ 1.41% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.39 ▲ 1.05% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 694.00 ▲ 0.80% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,125 ▼ 0.44% COME 49.48 ▼ 1.43% LOMA NEGRA 3,500 ▼ 4.44% BYMA 293.50 ▼ 2.57% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 67,013 ▲ 0.46% ETH 1,876 ▲ 1.00% SOL 75.07 ▲ 1.25% XRP 1.24 ▲ 2.09% BNB 636.13 ▼ 2.20% ADA 0.22 ▲ 1.53% DOGE 0.09 ▲ 1.40% AVAX 8.29 ▲ 1.50% LINK 8.52 ▲ 1.85% DOT 1.12 ▲ 3.54% LTC 48.17 ▲ 2.69% BCH 249.18 ▼ 7.36% TRX 0.33 ▼ 0.17% XLM 0.23 ▲ 1.87% HBAR 0.09 ▲ 0.93% NEAR 2.94 ▲ 11.94% ATOM 1.90 ▲ 4.40% AAVE 76.26 ▲ 3.76% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 52,564 ▼ 0.69% USD/ZAR 16.26 ▲ 0.13% USD/NGN 1,362 — 0.00% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,633 ▼ 1.56% NIFTY 23,406 ▼ 0.33% KOSPI 8,801 ▲ 0.15% JCI 5,941 ▼ 4.11% USD/JPY 159.84 ▼ 0.03% USD/CNY 6.7687 ▲ 0.10% DAX 24,924 ▼ 0.80% CAC 8,189 ▼ 0.24% FTSE 10,350 ▼ 0.23% MIB 50,401 ▼ 0.35% IBEX 18,335 ▲ 0.34% STOXX 622.86 ▼ 0.40% EUR/USD 1.1621 ▼ 0.12% GBP/USD 1.3450 ▼ 0.13% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 16.04 ▲ 1.71% USD/CAD 1.3854 ▲ 0.13% US10Y 4.4550 ▼ 0.45% IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▲ 0.22% USD/MXN 17.28 ▼ 0.07% USD/CLP 890.58 ▲ 0.28% USD/COP 3,575 ▲ 0.27% USD/PEN 3.40 ▼ 0.09% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 57.88 ▲ 0.23% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.69 ▲ 0.44% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.83 ▼ 0.54% BRENT 97.89 ▲ 1.97% WTI 95.67 ▲ 2.04% IRON ORE 161.91 — — COPPER 6.61 ▼ 0.65% GOLD 4,491 ▲ 0.04% SILVER 74.80 ▼ 0.68% SOY 1,172 ▲ 0.56% CORN 441.75 ▲ 0.28% WHEAT 605.75 ▲ 0.46% COFFEE 258.50 ▼ 0.27% SUGAR 14.48 ▲ 0.70% ORANGE JUICE 160.00 ▲ 6.67% COTTON 76.50 ▼ 0.70% COCOA 4,050 ▼ 1.41% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.39 ▲ 1.05% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 694.00 ▲ 0.80% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,125 ▼ 0.44% COME 49.48 ▼ 1.43% LOMA NEGRA 3,500 ▼ 4.44% BYMA 293.50 ▼ 2.57% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 67,013 ▲ 0.46% ETH 1,876 ▲ 1.00% SOL 75.07 ▲ 1.25% XRP 1.24 ▲ 2.09% BNB 636.13 ▼ 2.20% ADA 0.22 ▲ 1.53% DOGE 0.09 ▲ 1.40% AVAX 8.29 ▲ 1.50% LINK 8.52 ▲ 1.85% DOT 1.12 ▲ 3.54% LTC 48.17 ▲ 2.69% BCH 249.18 ▼ 7.36% TRX 0.33 ▼ 0.17% XLM 0.23 ▲ 1.87% HBAR 0.09 ▲ 0.93% NEAR 2.94 ▲ 11.94% ATOM 1.90 ▲ 4.40% AAVE 76.26 ▲ 3.76% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 52,564 ▼ 0.69% USD/ZAR 16.26 ▲ 0.13% USD/NGN 1,362 — 0.00% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,633 ▼ 1.56% NIFTY 23,406 ▼ 0.33% KOSPI 8,801 ▲ 0.15% JCI 5,941 ▼ 4.11% USD/JPY 159.84 ▼ 0.03% USD/CNY 6.7687 ▲ 0.10% DAX 24,924 ▼ 0.80% CAC 8,189 ▼ 0.24% FTSE 10,350 ▼ 0.23% MIB 50,401 ▼ 0.35% IBEX 18,335 ▲ 0.34% STOXX 622.86 ▼ 0.40% EUR/USD 1.1621 ▼ 0.12% GBP/USD 1.3450 ▼ 0.13% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 16.04 ▲ 1.71% USD/CAD 1.3854 ▲ 0.13% US10Y 4.4550 ▼ 0.45%
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Wednesday, June 3, 2026

Environment Life & Society

Tug of war for the treasures of the deep sea 

By · March 31, 2023 · 3 min read

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The spring meeting of the International Seabed Authority (ISA) Council concludes in Jamaica on Friday (31).

The World Wide Fund for Nature (WWF) is pleased to see the growing number of countries calling for a moratorium or precautionary pause on deep-sea mining plans.

At the same time, WWF is concerned about continued pressure from other states and individual companies to begin deep-sea mining and the lack of neutrality on the part of the ISA Secretariat.

Tug of war for the treasures of the deep sea (Photo internet reproduction)

At the meeting, in addition to numerous non-governmental organizations, Chile, Costa Rica, Ecuador, the Federated States of Micronesia, Fiji, France, Germany, New Zealand, Palau, Panama, Samoa, and Spain.

And, for the first time, Vanuatu and Finland spoke in favor of a moratorium, precautionary pause, or ban on commercial deep-sea mining activities.

WWF welcomes this precautionary approach and the growing awareness of the immense risks of allowing deep-sea mining.

“Deep sea mining is an avoidable environmental disaster. We are painstakingly trying to contain the damage of resource extraction on land. Exploiting the still largely untouched deep-sea habitats must not be the next step.”

“We, therefore, need a moratorium on deep-sea mining until sufficient scientific evidence is available and it is proven that mining of mineral resources in the deep sea can be carried out without damaging the marine environment,” explains Tim Packeiser, a marine conservation expert at WWF Germany.

Under the United Nations Convention on the Law of the Sea, states must protect the marine environment.

However, considering the current state of knowledge, WWF does not see how this could be ensured in the event of the potential approval of large-scale raw material mining projects.

WWF is thus also very concerned to see that the Secretary General of the ISA is increasingly interfering in decision-making processes and taking a position.

During the meeting, Germany and Costa Rica, among others, also complained about this lack of neutrality by the ISA secretariat.

“The Secretary-General has to maintain his neutrality and not influence the deliberations in the Seabed Authority,” Tim Packeiser said.

The mood in Jamaica is tense after the Pacific island nation of Nauru triggered the so-called two-year rule in 2021.

This states that the ISA must review and, if necessary, approve an application for deep-sea mining after two years have elapsed, even if the set of rules governing the extraction of mineral resources (the so-called “Mining Code”) has not yet been finalized within that period.

This deadline expires in July.

Under corresponding time pressure, the 36 states represented in the Council of the International Seabed Authority are trying to finalize the negotiations on the code.

But even at the end of the spring meeting, numerous questions remain unresolved.

Parallel debates continue over how the Council should handle a potential application for mining resources when the Mining Code has not yet been agreed upon when an application is submitted.

WWF considers it a sign of hope that numerous states at the meeting expressed their support for not approving deep-sea mining applications even after two years, and the rules governing the extraction of mineral resources (the so-called “Mining Code”) have not yet been finalized within that period.

“States in the International Seabed Authority will decide the fate of the deep sea. In the face of the planetary crisis caused by climate change, biodiversity loss, and pollution, greed for raw materials must not be allowed to prevail over reason,” explains Tim Packeiser.

“The Agreement on the Protection of the High Seas, adopted to great acclaim in March, must not be undermined by unregulated deep-sea mining activities,” WWF calls on governments to continue to consistently advocate for the health of the world’s oceans in all relevant organizations and bodies.

“Only when all environmental, social, and economic risks are known, and all alternatives to deep-sea mineral exploitation have been exhausted, the need for deep-sea raw materials has been clearly demonstrated, and extensive measures to effectively protect the marine environment have been agreed upon, can deep-sea mining plans be considered.”

However, according to a WWF report, deep-sea minerals are unnecessary to transition to a fossil fuel-free economy.

“The Future is Circular” outlines ways to transition without opening the deep sea to mining.

Demand for the seven critical minerals studied could be reduced by 58% through technology, recycling, and circular economy.

The ISA continues negotiations in July.

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