August 13, 2026 — With China reportedly producing around 90 percent of the world’s supply of rare earth elements, and far ahead in processing technology, the U.S. and other countries are searching for new ways to meet demand, and deep sea mining on seamounts in the Gulf of Alaska is on the list of proposals. The Japanese press reported in July that experimental deep sea mining had successfully extracted rare earth elements such as neodymium, dysprosium, and terbium—all vital for fighter jet and missile guidance systems—from 6,000 feet below the surface.
In April of 2025, President Trump issued Executive Order 14285 “Unleashing America’s Offshore Critical Minerals and Resources,” and the Bureau of Ocean Energy Management (BOEM) is evaluating whether to advance a competitive lease sale for minerals on the Alaska Outer Continental Shelf. “We don’t know what impact deep sea mining could have on fisheries, but there is cause for concern,” says retired University of Alaska marine professor Rick Steiner, who now runs a consulting company called Oasis Earth.