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: 26.09.2025 Expectation: 2000 pips
Buying silver while it’s correcting before another rally to $43.5
Today at 08:37 AM 8
Period: 22.09.2025 Expectation: 1200 pips
SPX keeps rising ahead of Fed rate decision
Today at 07:20 AM 12
Brent sell
Period: 30.11.2025 Expectation: 520 pips
Selling Brent with $63.5 per barrel in sight
Today at 06:14 AM 15
Period: 19.09.2025 Expectation: 950 pips
GBPUSD is correcting after testing resistance
12 September 2025 386
Gold buy
Period: 31.12.2025 Expectation: 2400 pips
Buying gold from $3,450 support
12 September 2025 120
Period: 19.09.2025 Expectation: 1000 pips
AUDCAD poised for further gains after brief consolidation
12 September 2025 373
Go to forecasts