Freeport-McMoRan(US:FCX) Jin Shi Shu Ju·2025-11-07 02:02Group 1 - The Trump administration has added 10 minerals to its critical minerals list, bringing the total to 60, which includes copper and metallurgical coal, essential for electric vehicles, power grids, and data centers [2] - The updated list will guide federal investment and project permitting decisions, shaping a broader mineral strategy aimed at reducing import dependence and enhancing domestic mining [2][3] - The inclusion of uranium, boron, lead, phosphates, potash, rhenium, silicon, and silver reflects a comprehensive approach to securing materials necessary for defense, manufacturing, and clean energy technologies [3] Group 2 - Strengthening domestic production is seen as a way to mitigate potential supply shocks and export restrictions from competitors, with officials emphasizing the importance of reducing reliance on foreign sources [3] - The agricultural value of potash and phosphates is highlighted, as they are crucial for crop growth, with the U.S. relying heavily on imports for potash [4] - The profitability of U.S. copper mining is under scrutiny, as domestic mines have lower ore grades compared to international operations, leading to higher costs and lower profits [5][6] Group 3 - The inclusion of metallurgical coal aligns with the administration's support for fossil fuels, amidst challenges faced by U.S. metallurgical coal mines due to supply and export dynamics [7] - The National Mining Association is advocating for further expansion of the critical minerals list to ensure access to domestic resources when needed [8]