financetom
Business
financetom
/
Business
/
US Interior Department proposes adding copper to critical minerals list
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Interior Department proposes adding copper to critical minerals list
Aug 25, 2025 11:37 AM

WASHINGTON (Reuters) -The U.S. on Monday proposed adding copper and potash among others to the draft critical minerals list for 2025, for their importance to the economy and national security.

The Geological Survey, a branch of the U.S. Department of the Interior, released the draft list in the Federal Register and it will be open for public comment for 30 days.

Inclusion on the list, which is typically updated every three years, can make projects eligible for federal funding, subject to a streamlined permitting process, or more competitive due to fees placed on imports, according to the Bipartisan Policy Center.

Copper is widely used in transportation, defense, and the U.S. power grid, which needs revamping amid the first rise in electricity demand in two decades on the rise in data centers and artificial intelligence. Potash is a potassium-rich salt mostly used to make fertilizer. Silver, lead, and silicon were also added to the draft list.

The draft list provides a roadmap to reduce U.S. dependence on imports and expand domestic production, said Secretary of the Interior Doug Burgum.

Executive orders signed by President Donald Trump this year directed the Interior Department to see whether coal used to make steel, also known as met coal, and uranium, the fuel for nuclear power plants, should be put on the list. Those were not put on the draft list, but Interior said public comment was welcomed on inclusion of met coal and uranium on the final list.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Correction: Prologis Q2 Core Funds From Operations, Revenue Falls; Updates 2024 Core FFO Outlook
Correction: Prologis Q2 Core Funds From Operations, Revenue Falls; Updates 2024 Core FFO Outlook
Jul 17, 2024
08:32 AM EDT, 07/17/2024 (MT Newswires) -- Prologis ( PLD ) reported Q2 core funds from operations Wednesday of $1.34 per diluted share, compared with $1.83 a year earlier. Analysts polled by Capital IQ expected $1.07. Total revenue for the quarter ended June 30 was $2.01 billion, down from about $2.45 billion a year earlier. Analysts surveyed by Capital IQ...
BRIEF-Canadian Net REIT Announces the Sale of Five Gas Station Properties in Quebec
BRIEF-Canadian Net REIT Announces the Sale of Five Gas Station Properties in Quebec
Jul 17, 2024
July 17 (Reuters) - Canadian Net Real Estate Investment Trust: * CANADIAN NET REIT ANNOUNCES THE SALE OF FIVE GAS STATION PROPERTIES IN QUEBEC * CANADIAN NET REAL ESTATE INVESTMENT TRUST: TOTAL CONSIDERATION FROM THOSE SALES WAS APPROXIMATELY $12.8MLN Source text for Eikon: Further company coverage: ...
Cognizant, Victory Capital Enter Five-Year Partnership for Tech and Security Support
Cognizant, Victory Capital Enter Five-Year Partnership for Tech and Security Support
Jul 17, 2024
08:43 AM EDT, 07/17/2024 (MT Newswires) -- Cognizant Technology Solutions ( CTSH ) said Wednesday it has entered a five-year partnership with Victory Capital Holdings ( VCTR ) to provide technology infrastructure, security, and data analytics. The partnership will include managing infrastructure, security engineering, a 24/7 security operations center, and a service desk for monitoring and support, the company said....
Northern Trust's profit surges on fee income boost, accounting gain
Northern Trust's profit surges on fee income boost, accounting gain
Jul 17, 2024
(Reuters) - Asset and wealth manager Northern Trust ( NTRS ) posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million from a stock exchange deal with Visa. Hopes of a soft landing for the U.S. economy and investor frenzy around artificial intelligence have lifted the stock...
Copyright 2023-2025 - www.financetom.com All Rights Reserved