During July 2023, the US Department of Energy (‘DOE’) published...

During July 2023, the US Department of Energy (‘DOE’ published an update to its Critical Materials Assessment.

The DOE has recommended a designation of ‘near-critical’ for copper during the medium-term (2025-2035).

https://www.energy.gov/sites/default/files/2023-07/doe-critical-material-assessment_07312023.pdf

For the first time a US federal agency is following the lead of the European Union, Canada, Japan, India, China and others by characterising copper as critical through its inclusion on the official DOE Critical Materials List.

It will only be a matter of time before copper’s inclusion on the official USGS Critical Minerals list.

Note:  The DOE Critical Materials List will inform eligibility for tax credits under the Inflation Reduction Act.

https://www.whitehouse.gov/cleanenergy/clean-energy-tax-provisions/


Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.