Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.


TSX:HBM - Post by User

Post by llihevad1on Feb 03, 2023 5:58am
536 Views
Post# 35264120

Copper’s fight for critical mineral status gets political pu

Copper’s fight for critical mineral status gets political pu

Copper’s fight for critical mineral status gets political push

Some of the biggest names in copper have found high-ranking political allies to support their efforts to get the wiring metal added to a list of minerals deemed critical to the US.

Senator Kyrsten Sinema, an Independent from Arizona, sent a letter with other lawmakers on Thursday urging Interior Secretary Deb Haaland to “revisit and reconsider the designation of copper as a critical mineral.” Signers included other senators whose home states are hubs of copper production and manufacturing, including Mark Kelly of Arizona, Joe Manchin of West Virginia, Indiana’s Mike Braun, Raphael Warnock of Georgia and Mitt Romney of Utah.

“This should be a no-brainer,” Sinema said in an interview. “We have major gaps in both our ability to mine and process these minerals to ensure our energy security for the future, and the administration knows how important copper is to our domestic and national security.”

The letter warns of a “significant increase in the supply risk” of copper driven by economic and geopolitical events like the war in Ukraine.

“Given the enormous investment required, the time lag for new sources of supply, and projected demand, time is of the essence,” the letter said.

Separately, Representatives Brian Higgins, a Democrat of New York, and Robert Latta, a Republican of Ohio signed a Feb. 2 letter also calling on Haaland to immediately reconsider adding copper as a critical mineral.

The push adds to lobbying by the Copper Development Association to urge the US government to consider copper critical, joining a list of 50 other minerals already identified as vital by the government. The association’s members include some of the biggest copper producers including Rio Tinto Group, BHP Group and Freeport-McMoRan Inc., as well as fabricators such as Mueller Industries Inc.

The US critical minerals list is updated every three years and includes key battery metals needed for electric vehicle production such as nickel, lithium and zinc. The latest update, in 2022, did not include copper despite the lobbying efforts, though it did add nickel and zinc. The senators are calling on the White House to skip the usual three-year review and add copper to the list as soon as possible.

Some of the world’s largest miners and metals traders have warned that a massive shortfall will emerge for copper, holding back global growth and throwing international climate goals off course given their importance to electrifying economies.

<< Previous
Bullboard Posts
Next >>