US Elections – Copper Upgraded
By Tshepo Maganane
### Impact of the US Election on the Mining Industry – some scenarios:
– Push for more US Metals Sovereignty: Transitioning from a major net importer to an exporter of domestically produced metals, reminiscent of the US energy revolution (2010-2020).
– Accelerated Permitting: More streamlined and centralized approval processes for US mining projects.
– Strategic Mineral Stockpiles: USA to Re-Establish reserves for critical raw materials.
– Currency Fluctuations: A short-term USD rally driven by potential tariffs, but a long-term weakening against the Chinese Yuan is likely to benefit metal prices.
– Nuclear Renaissance: Increased exploration and development of uranium, with a focus on domestic and “friendly” sources.
– Copper in the Spotlight: Copper may be elevated to the Department of Energy’s “short-term critical” minerals category, up from “medium-term near critical.”
– Gold Outlook: Short-term challenges due to profit-taking and a stronger dollar, but long-term inflation and safe-haven demand are expected to support higher prices.
– Global Mineral Access Battles: Increasing competition for mineral resources in South America, Africa, and Central Asia.
– Positive Outlook: Overall, the prospects for the mining industry seem promising!
