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US Greenlights Idaho Antimony Mine Amid Trade Tensions with China

share-iconMonday, January 06 comment-icon2 weeks ago 6 views
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scmpSCMP
US Greenlights Idaho Antimony Mine Amid Trade Tensions with China

Credited from: SCMP

  • The White House granted the final mining permit for Perpetua Resources’s Idaho antimony and gold project.
  • This decision aims to increase US production of antimony, a mineral critical for weapons and technology, amid escalating US-China trade tensions.
  • The mine is projected to meet over 35% of US annual antimony needs once operational by 2028.
  • Despite the mine's approval, local concerns arise, particularly from the Nez Percé tribe, regarding its potential environmental impact on salmon populations.
  • The Forest Service's approval followed an extensive eight-year review, including consultations with Indigenous groups.

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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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