27 January 2023 | Other

U.S. bans copper and nickel mining in northern Minnesota

The Twin Metals project is at risk due to the U.S. ban on mineral mining in northeast Minnesota. This restriction will last for 20 years. Regarding this, the project’s owner, Chilean company Antofagasta Plc, will not be able to mine copper and nickel in the designated area. However, Antofagasta intends to defend its rights to access the mineral deposit.

If the Twin Metals project is built, it might become the main source of copper and nickel in the U.S. Currently, there is only one nickel mine in the country, which will also be closed by 2025.

In addition to its impact on the Twin Metals project, the ban significantly complicates the transition to green energy by blocking the source of needed minerals. Copper and nickel are used in the production of electric vehicles, solar panels, and other devices based on renewable energy sources.

However, the U.S. President’s Administration stated that the risk to northern Minnesota’s ecology is too high.

It remains unclear now if the administrations of future U.S. presidents might overturn the ban. Only Congress has the power to make it permanent.

Company MarketCheese
Period: 20.02.2026 Expectation: 1130 pips
GBPUSD loses ground on lower expectations of Fed rate cuts
Today at 08:07 AM 4
Gold buy
Period: 28.02.2026 Expectation: 12000 pips
Buying gold up to $5,100
Today at 07:11 AM 5
Period: 19.02.2026 Expectation: 500 pips
Selling natural gas amid milder weather and higher production
Yesterday at 10:40 AM 51
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 19.02.2026 Expectation: 18000 pips
Investing in ETHUSD on current slump before momentum picks up after selloff ends
Yesterday at 09:19 AM 35
Period: 31.05.2026 Expectation: 2000 pips
Keep buying SPX
Yesterday at 07:55 AM 26
Period: 31.03.2026 Expectation: 290 pips
Buying EURUSD upon reaching 1.19280
Yesterday at 06:15 AM 19
Go to forecasts