Demand increases as US Minors Eye Copper Return

Heriman, Utah – Copper demand in the US doubles in the next 10 years – but the nation lacks production to meet that demand until steps are taken to reduce restrictions on new mines.

chairman Donald Trump It is expected to replace it after signing an executive order on Thursday to increase American mineral production.

“The United States has vast mineral resources that can cause jobs, fuel prosperity, and can significantly reduce our dependence on foreign countries,” the order reads. “The United States was once the world’s largest producer of attractive minerals, but the federal regulation has destroyed our country’s mineral production.”

Order will focus on priority projects for minerals such as Copper, uranium, potash and gold, Among others. This is a welcome news for the country’s copper industry, which struggles to compete with more comfortable mining rules of other countries.

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“We have found more mines to make. Open some of the resources that we have here and bring them online,” Clayton Walker, Copper’s COO in the world’s second largest mining company Rio Tinto. “It then feeds manufacturing, people who actually take the raw material and turn it into some useable that can enjoy consumers. So I think it is just an important way to re -construct in the US, it all starts in mines with that raw materials.”

Rio Tinto has been trying to open a new copper mine in Arizona for 17 years, determining the copper mine. Officials say the mine can provide 20% of the demand. But it has gone into obstacles over the years, including the issues of land rights and environmental concerns.

“The challenge we have in the US right now takes about 29 years to allow a mine to allow a mine to bring those mines online, which is slightly faster than 29 years,” the walker said.

In a way the permit process can be intensified: adding copper to the important mineral list.

Is defined by an important mineral Department of Energy As, “Any non-fuel minerals, elements, substances, or materials that determine the secretary of energy: (i) has a high risk of supply chain disintegration; and (ii) one or more energy technologies perform an essential function, including technologies, which produce, transmit, storage and preserve energy.”

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Adding copper to the list will ease the ban Copper production, Meaning Rio Tinto and other companies can open new copper mines in the US quickly

“I think we need to make copper as an important mineral. Not being in the list has not hurt us and prevent the valuable metal from receiving the resources that are needed,” the walker said. “I think we get some great standards. We can do it better than anywhere. We just need to do it a little faster.”

Rio Tinto’s Connecott Mine, west of Salt Lake City, is the world’s largest open-pit mine, which is 2.5 miles and is about 4,000 feet deep. At the age of 120 years, the mine has produced more copper than any other on the planet.

Nat Foster, managing director of Kencott, said, “The history of the centers keeps me here. I am just fully enamored with it. Twenty -five percent of the metals that used in World War II came from here,” said Nat Foster, managing director of Kencott. “Second World War II without collaborative Kencott does not win.”

Connecott is the pride of being one of only two places in the country that can refine the mine, smelt and its own copper. In comparison, China has more than 50 copper Smelters. This means that most of the mining mining in the US is sent to other countries to refine.

“Right now we (America) are actually focusing more than 400,000 tonnes in a year, going to be processed in other countries and then we have been sent back to another form,” calls Walker.

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The Connecott Smelter is an engineering Marvel -1,215 feet, it is the fourth longest chimney in the world.

Foster said, “The fact is that we have one of the cleanest smelters all over the world.” “And where we really think that we are well deployed with a very strategic property with our smelter and refinery, which are able to help continue … investing in America.”

The connection is a 365-day, a 24-hour operation. Ninety -ninety oversized Hellers, a load, work day and 360 tonnes at night, to extract about 120,000 tonnes of copper ore per year, which is 20% of the copper produced in the country.

Operation is performed in all homes. After mining and crushing, ore makes its way through a 5-meal-lumb conveyor belt for concentrations. It then turns into a mud and goes to the smelter. From the smelter, it becomes a copper slab of 700 pounds. After spending time in the electrolyte bath, it becomes two 300-pound copper plates -99.99% pure copper.

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“This is the highest quality that you are going to find anywhere in the US,” Foster said. “And When you see the amount of emissions that are not in the US, as we produce some highest environmental standards, other smelters around the world do not need to follow the same standards. So we are proud of him. ,

Trump has threatened to add one 25% tariff On imported copper, which accounts for 47% of copper used in the US, while it can be a boon for US-based copper mines, it is a complex issue for companies such as Rio Tinto, which operates mines worldwide.

,We are working hard with the administration to be a part of that solution. And if you look at the way the tariff work, then all this is how you set them and structure them, “Walker said.” And if we can get those structured manner correctly, I think it will benefit the domestic supply. ,