The Alaska Mining Project aims to reduce foreign critical mineral imports

On Monday, the Trump administration announced the approval of a mining project in Alaska and took a stake in a Canadian company that is likely to develop parts of the project because it is looking to reduce dependence on import imports Critical minerals.

president Donald Trump I took an executive order that allows the ABLER ROAD project to move forward, which would build a 211 -mile road to the remote ABLER mining area. The region contains large deposits of critical minerals, including copper, cobalt, muleum and germanium, among other things.

The Trump administration has also announced a partnership with Trilogy Metals, a Canadian company that intends to explore mining opportunities in the region. The United States government has invested $ 35.6 million, making the government a 10 % shareholder with an additional 75 % purchase orders from the company.

index	protection	last	Changing	% Change
TMQ	Trilogy Metals Inc	6.50	+4.40	+210.26 %

“The path of access is crucial to cancel the critical mineral lock in this region that is currently accessible in Alaska, which was distinguished as one of the largest copper metal belts and non -advanced zinc in the world and contains large -scale deposits, silver, gold, cobalt and other strategic minerals,” the White House.

This step to allow the project to move forward after its ban due to environmental concerns during the Biden administration, where the White House is looking to increase the local production of cash metals with a goal of Reducing dependence on importsEspecially from countries like China who consider the opponents of the United States.

Trump reflects Block Biden in the Alaska project; The United States takes 10 % of its shares to cancel the critical mineral lock

Why are these minerals important?

Minerals that can be finally extracted from Alaska Project Include many users in critical industries, with some minerals severely or, in one case, they were imported exclusively from the outside.

Gallium is used in semiconductors as well as LED lighting, Solar panels The transistors, among other products, according to the US Geological Survey (USGS).

The agency notes that the United States imports all the Galium used locally, despite the presence of a US -based refinery recovering and recycling the scrap and low imported muleum. The leading sources of gallium imports are Japan, China, Germany and Canada for all USGs.

Trump is a government session official at Lithium Mining Company

Cobalt is used primarily in the energy that helps in energy Electric cars (EVS) In addition to other electronics, energy storage systems and power tools. Usgs explained that it is also used to manufacture Superalolas that are used in applications such as industrial gas turbines and jet engines because of its properties resistant to corrosion and high temperatures.

76 % of the cobalt used in the United States is imported.

Zinc is used in a group of products, from metal to rubber and medications. Usgs notes that it is mainly used as a metal paint for protection Iron and steel From corrosion in galvanized minerals, as well as alloy in bronze and copper.

73 % of refined zinc is imported.

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Gruemanium is a secondary result of zinc processing that is used in Optical fibersInfrared night vision systems and polymerax stimuli – with high demand in recent years for every USGS.

In its March report, the agency found that 50 % of the American germanium supplies were local and 50 % imported.

Copper is the third largest common use and artificial consumer behind iron and aluminum. About three quarters of copper is used in electrical capabilities such as energy transmission, wire generation, communications and electronic products.

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More than half, or 55 %, is obtained from domestic American copper supplies, while 45 % are imported.

Stephen Soras in Fox Business contributed to this report.