US Adds Copper and Coal to Vital Minerals List

The U. S. government has recently updated its list of crucial minerals, now including copper and metallurgical coal. This move is part of a broader plan to strengthen the country's economy and security by reducing dependence on foreign imports, especially from China. Copper is a big deal. It's used in electric vehicles, power grids, and data centers. Metallurgical coal is important too, as it's used to make coke, a key ingredient in steel production. By adding these minerals to the list, the government is sending a clear message: it wants to boost domestic mining and secure supplies for defense, manufacturing, and clean energy technologies. The list isn't just a random collection of minerals. It's a guide for federal investments and permitting decisions. It also helps shape the government's minerals strategy. Projects that involve these critical minerals can qualify for federal incentives, which can be a big help for companies like Freeport-McMoRan, the largest U. S. copper producer.Freeport-McMoRan has been pushing for copper to be included in the list. The company could gain over $500 million annually in tax credits if copper is deemed critical. However, the copper grades in Freeport's U. S. mines are lower than in other parts of the world, making production more expensive and less profitable. This is why the company is advocating for the designation. The U. S. is not alone in this effort. Many countries are looking to secure their own supplies of critical minerals to avoid potential supply shocks or export restrictions. By strengthening domestic production, the U. S. can insulate itself from these risks and support key industries.