Why Copper is a Critical Mineral.

Copper and the Critical Mineral List

The U.S. Critical Minerals List, originally developed by executive order in 2018 and codified by the Energy Act of 2020, contains minerals deemed essential to the economic or national security of the U.S. and that have a supply chain vulnerable to disruption. The list was created to increase activity at all levels of the supply chain, including exploration, mining, concentration, separation, alloying, recycling, and reprocessing minerals. Since its inception, the list has become the shorthand way to refer to important minerals and is cited in dozens of legislative proposals intended to support those minerals through tax credits, government purchases, and permitting support.

Despite its clear criticality and dramatic uptick in import penetration from adversarial countries, copper was not included on the 2022 U.S. Critical Mineral List.

Because U.S. Geological Survey (USGS) data was considerably out of date upon the release of the 2022 Critical Mineral List, and the world has changed dramatically since then, the Copper Development hired a consultant to update the copper supply risk score with the most recently available data through the first half of 2022. With the new data, copper’s supply risk score in 2022 is up to 0.423 and the four-year weighted average score is now up to 0.407 – both above the USGS 0.40 threshold for inclusion on the Critical Mineral List.

Given the significant change in the supply risk to copper, which shows no signs of slowing down, the Secretary of Interior should exercise the authority given to her by statute to officially add copper to the Critical Mineral List immediately.