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: 28.05.2026 Expectation: 155 pips
Investing in ETHUSD up to $2,425
Yesterday at 11:11 AM 36
Gold buy
Period: 21.05.2026 Expectation: 900 pips
Purchasing gold with $4,790 in view during consolidation following recent correction
Yesterday at 10:26 AM 31
Period: 14.07.2026 Expectation: 2700 pips
Investing in USDJPY with 160.700 target
Yesterday at 09:21 AM 33
Period: 31.05.2026 Expectation: 900 pips
​​EURUSD sell-off targets 1.1655
Yesterday at 09:12 AM 13
Period: 30.06.2026 Expectation: 1600 pips
Go short on SPX as correction risks mount
Yesterday at 09:10 AM 8
Period: 21.05.2026 Expectation: 1500 pips
Selling S&P 500 with 7,300 target amid inflation shock and overheated market conditions
Yesterday at 08:03 AM 18
Go to forecasts