Shenzhen Jinhang Deep Sea Minerals Group Co., Ltd.

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Shenzhen Jinhang Deep Sea Minerals Group Co., Ltd. (hereinafter referred to as “Jinhang Group”) and its subsidiaries have been committed to the development and utilization of deep-sea mineral resources for more than ten years. Jinhang Group has established an international industrial development core team, focusing on the R&D and manufacturing of deep-sea intelligent harvesting equipment and the operation of seabed new energy metal harvesting, and integrating the industrial capabilities of international and domestic first-class enterprises in the key links such as deep-sea resources, exploration, environmental protection, mineral smelting and processing, and market application. Jinhang Group aims to become the world's leading commercial development enterprise of deep-sea mineral resources.

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Deep-sea polymetallic nodules, also known as manganese nodules, contain copper, cobalt, nickel, manganese and other metals, and their resources are tens to thousands of times higher than the corresponding resources on land. They are generally found on the surface of the ocean floor at depths of 4,000 to 6,000 meters, with diameters ranging from 5 to 10 centimeters and sizes like potatoes. The surface is mostly smooth, but there are also rough, ellipsoidal or other irregular shapes.

Deep-sea polymetallic nodules, also known as manganese nodules, contain copper, cobalt, nickel, manganese and other metals, and their resources are tens to thousands of times higher than the corresponding resources on land. They are generally found on the surface of the ocean floor at depths of 4,000 to 6,000 meters, with diameters ranging from 5 to 10 centimeters and sizes like potatoes. The surface is mostly smooth, but there are also rough, ellipsoidal or other irregular shapes.

With the rapid development of new energy technologies and output, it has triggered an explosion in global demand for key new energy metals such as nickel, cobalt, copper and manganese. According to Bloomberg, global sales of electric vehicles will reach 47.8 million units in 2030 and 60 million units by 2040. In terms of deep-sea resources, undersea mineral resources reserves are far richer than those on land. It is estimated that the Pacific Ocean floor alone meets the conditions for commercial mining with an area of about 4.25 million square kilometers, of which the reserves of copper, nickel, cobalt and manganese are 300 million tons, 390 million tons, 0.78 billion tons and 8.6 billion tons, respectively, while the USGS data show that the global reserves of copper, nickel, cobalt and manganese on land in 2021 are only 8.8, 0.95, 0.07 and 1.5 billion tons. The USGS projects that 'by 2065, 35-45 percent of the supply of key metals will come from the deep seafloor.'

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