What is causing the price volatility of ICICI Prudential Asset Management Co Ltd (540549) - Free Popular Stock Recommendations

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What is causing the price volatility of ICICI Prudential Asset Management Co Ltd (540549) ✌️【Portfolio】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. A startling discovery made public in July thatmetallic rocks were apparently producing oxygenon the Pacific Ocean’s seabed, where no light can penetrate, was a scientific bombshell.

Initial research suggested potato-size nodules rich in metals, predominantly found 4,000 meters (13,100 feet) below the surface in the Clarion-Clipperton Zone, released an electrical charge, splitting seawater into oxygen and hydrogen through electrolysis. The unprecedented natural phenomenon challenges the idea that oxygen can only be made from sunlight via photosynthesis.

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Uncovering dark oxygen revealed just how little is known about the deep ocean, and theClarion-Clipperton Zone, or CCZ, in particular. The region is being explored for the deep-sea mining of rare metals contained in the rock nodules. The latter are formed over millions of years, and the metals play a key role in new and green technologies.

“Our discovery of dark oxygen was a paradigm shift in our understanding of the deep sea and potentially life on Earth, but it threw up more questions than answers,” Sweetman, the leader of his institution’s seafloor ecology and biogeochemistry group, said in a news release. “This new research will enable us to probe some of these scientific questions.”

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Understanding the phenomenon better could also help space scientists find life beyond Earth, he added.

Oxygen is hard to produce without the continuous energy that comes from sunlight, but other scientists have also encountered unexpected oxygen molecules in remote, light-deprived places. Sweetman said that dark oxygen production may be a wider phenomenon that has been overlooked.

Emil Ruff, a microbiologist at the Marine Biological Laboratory in Woods Hole, Massachusetts,detected oxygen in freshwater samplesin Alberta tens to hundreds of meters beneath the Canadian prairie, a finding he and coauthors from the University of Calgary and the Woods Hole Oceanographic Institution reported in astudy published in June 2023. In some cases, the dark oxygen had been isolated from the atmosphere aboveground for more than 40,000 years.

If oxygen is not continuously being added to an environment (by trees and plants, for example), it would eventually disappear.

“After 40,000 years or 30,000 years (separated from surface processes), there’s no reason really to think that there should be any oxygen left. Because oxygen is such a yummy electron acceptor, it usually either chemically oxidizes or microbially oxidizes,” Ruff said. “So what was it doing there?”

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“Nature keeps surprising us,” he said. “There are so many things that people have said, ‘Oh, this is impossible,’ and then later it turns out it’s not.”

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“We don’t have the mechanism, I think, completely wrapped up yet and we’ll need a lot of time to figure that out,” he said.

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Officials at NASA are interested in the research on dark oxygen production because it could inform scientific understanding of how life might be sustained on other planets without direct sunlight, Sweetman said.

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Deep-sea mining companies are aiming to mine the cobalt, nickel, copper, lithium and manganese contained in the nodules for use in solar panels, electric car batteries and other green technology. Some companies have taken issue with Sweetman’s research.

Critics say deep-sea mining could irrevocably damage the pristine underwater environment and that it coulddisrupt the way carbon is storedin the ocean, contributing to the climate crisis.

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“Researchers are currently trying to replicate the phenomena reported by Sweetman and others,” she said. “Scientific research is a process and it may be some time before a conclusive answer is reached.”

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