ESG

US critical minerals comment deadline looms

There is one day left to comment on the US Geological Survey’s proposed list of critical minerals, which added nickel and zinc and removed others including uranium.

 Image: iStock.com/Antoine2K

Image: iStock.com/Antoine2K

Uranium seemingly dominated responses - of the 933 comments posted to date, many "fully support removing uranium" from the list.

Uranium, which was on the 2018 list of 35 commodities, was not evaluated for inclusion after being deemed a fuel, with the Energy Act of 2020 explicitly excluding fuel minerals from the definition of critical minerals, the USGS said.

The proposed list increased to 50 this year after rare earth elements and platinum group elements were split into individual entries rather than being included as groups.

The Department of the Interior is required to review and update the list "at least" every three years.

More time requested

The Copper Development Association has requested a 30-day extension to the comment deadline.

"We appreciate the time and effort that went into preparing the report, but feel that a thorough and complete review will take more time," it said.

"The methodology and technical input for the 2021 review and revision of the US Critical Minerals List states that it sets out a transparent methodology for prioritising commodities based on objective measures, yet it is not possible to replicate the findings of the study even after reviewing the 42-page methodology.

"It is also not possible even after reviewing the 12-page academic paper that the methodology is based on.

"It is further not possible after reviewing the 97-page supplementary materials to that academic paper."

Potash plea

Helium, potash, rhenium and strontium were also removed from the proposed list, although the Michigan Potash & Salt Company has asked for potash to be reconsidered.

"We strongly recommend that potash not be excluded from the 2021 list and believe that its exclusion would represent a threat to US food security as it relates to the lack of domestic supply, supply chain challenges and dependency on foreign imports," founder and CEO Theodore Pagano said.

Lithium support

US-focused, ASX-listed Piedmont Lithium said the Department of the Interior had once again highlighted the importance of lithium in the new draft list.

"Today, the US remains heavily dependent on imports of lithium, creating supply chain and national security uncertainty," it said.

"It is critical for the US to establish its lithium resources for the burgeoning domestic EV market."

Assistant Secretary of the Interior for Water and Science Tanya Trujillo said the USGS's critical minerals list provided vital information for industry, policymakers, economists and scientists on the most important minerals when it came to US supply chains.

"The statistics and information are crucial to understanding America's vulnerability to disruptions in the supply of critical minerals, including data on the worldwide supply and demand for minerals and materials essential to the US economy and national security," she said.

Comments must be submitted before December 9.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.