US Department of Energy Recognizes Copper as a Critical Mineral for Clean Energy Technologies
September 20, 2023

bySarah Vega - Content Writer, The Assay


The US Department of Energy (DOE) has officially added copper to its critical materials list, marking the first time a US government agency has included copper on one of its official “critical” lists.


The European Union, India, Japan, Canada, and China have already taken similar steps.


The DOE released the 2023 Critical Materials Assessment, which evaluates materials for their importance to global clean energy technology supply chains, focusing on key materials that have a high risk of supply disruption and are integral to clean energy technologies.


Based on the results of the assessment, DOE has identified the 2023 DOE Critical Materials List of energy-specific materials that are critical (or nearly critical) up to 2035. The list will also help determine eligibility for tax credits under the Inflation Reduction Act 48C.


The critical materials currently listed include aluminum, cobalt, dysprosium, electrical steel, fluorine, gallium, iridium, lithium, magnesium, natural graphite, neodymium, nickel, platinum, praseodymium, terbium, silicon, silicon carbide, and now copper.

Alejandro Moreno, acting assistant secretary for the DOE’s Office of Energy Efficiency and Renewable Energy, said in a statement, “As our nation continues the transition to a clean energy economy, it is our responsibility to anticipate critical material supply chains needed to manufacture our most promising clean energy generation, transmission, storage, and end-use technologies; including solar panels, wind turbines, power electronics, lighting, and electric vehicles.”


Moreno added that detecting and modifying material criticality now was crucial.


“The Copper Development Association (CDA) congratulates the DOE on its thoughtful, forward-thinking analysis that resulted in copper’s inclusion on the Critical Materials list,” commented CEO of the CDA Andrew Kireta Jr., in a separate statement.


“Copper is a major contributor to US economic and national security. With copper demand projections doubling by 2035, primarily due to plans for the clean energy transition, electrification, and clean water infrastructure, the nation would be defenseless without electricity and copper’s vital role in its generation, transmission, and distribution.”


The CDA noted that inclusion on the critical materials list reflects the certainty that copper demand projections will require a boost in domestic production.


 © 2023 The Assay

December 5, 2024
The Company’s Annual General Meeting of Shareholders (“AGM”) took place virtually yesterday with 34 attendees (shareholders and guests). Total attendance in person and by proxy was 137 shareholders representing about 51.4% of the outstanding shares. At the AGM, shareholders approved the election of all Directors proposed by Management with over 90% of the tendered votes being in favor, and the re-appointment of MNP LLP as auditors of the Company with all of the tendered votes being in favor.
October 15, 2024
The Iowa Utilities Board (IUB) has approved Summit Carbon Solutions base pipeline project that will span around 688 miles and capture and store 12 million tonnes of carbon dioxide (CO2) annually. Summit Carbon Solutions’ project has seen extensive scrutiny in the US state previously. The IUB carried out an extensive review process over the last 34 months, which was made up of 33 public informational meetings, a public hearing, and a review of around 50,000 pages, among other processes.
Show More >
Share by: