The rising copper crisis of America finds a promising solution in Arizona’s backyard

The United States has Copper problem. Simply put, America uses it a lot and there are not enough American mines that rapidly remove it out of the ground. But Ivanho Electric is moving towards becoming the first US-based company to open copper mine states in more than a decade-and with shooting of copper prices to record high records, time may not be better.

chairman Donald Trump An executive order was issued in March, which expects to add copper to the important mineral list, which will accelerate permission and provide tax incentive to mining companies. And on 8 July, the President announced a 50% tariff on copper imports starting on 1 August.

The US uses only about half of copper, which ranks fifth in production behind Chile, Democratic Republic of Congo, Peru and China. The reason for this is that copper mines take an average of 29 years to start production, due to a long permission and approval process.

Trump pledged 50% tariff on copper imports

But Ivano Electric Santa Cruise Project, Arizona’s Kasa Grande aims to run about 40 miles south, up to 2028, up to 2028, which is only eight years after starting the project.

“It is like tomorrow in mining words. It is incredibly, incredibly fast and incredibly efficient,” said Taylor Melvin, president and CEO of Tempe-based company. “One of our great benefits is happening on private land in Arizona. It allows us to a very well -organized permission process, which allows us to do more quick timetable Construction and production.,

The company is collecting all core samples on its 6,000 acres of land, plotting the best spot for me. The mine will be underground and is enough copper to produce about 3 billion pounds of copper over the next 23 years. When complete, it will “place us in the top five or six mines in the United States,” Melvin says.

Demand increases as US Minors Eye Copper Return

Another advantage of the mine is how copper is extracted. There are only two copper smelters in the US, which means that most of the copper which is mined is sent abroad to process. But due to the characteristics of the ore found on the Evano Electric Santa Cruise Mine Site, it will use leaching to remove copper.

“We will produce a pure copper metal on this site, designed by American consumers,” Melvin said.

And American – and the rest of the world – are ready to consume too much. As International Energy Agency, In 2024, copper demand was about 26 million tonnes. In 2050, the number is predicted to reach around 40 million tonnes.

Copper prices recorded high after Trump announced 50% import tariffs

But there is a major problem: many mines will be empty until the production is to go down until new mines are installed.

“Copper is perfectly an important metal. We need copper for every aspect of our economy. We need to expand and improve our electric grid. “So it is really difficult to imagine a metal that is more important and high amount than copper.”

It leaves Ivanaho electric and other American copper companies in a strong position. Construction of Santa Cruise Project will provide employment 900 full -time workers, Fall to about 600 after completion and during the mining phase. Many posts will pay six figures, and jobs are all guaranteed for the next 25 years.

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And with the support of Trump’s support and officially in the important mineral list, with the hope of pursuing copper, mining companies have a positive attitude.

Melvin said, “In my 25 years in natural resources in the copper mining industry, I have not seen a more supportive environment for domestic mining.” “We are in the right place at the right time with a project. To be an American company with a product in the United States on private land that can produce copper metal Supply domestic demand Ivanho is perfect for Electric at that time, and it is a great environment for domestic mining in the United States. ,