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Americas

United States of America

Production, refining and reserves

CommodityMetricValueWorld rank · shareSource
Rare earthsMine production 202551,000 t REO#2 · 13%USGS MCS 2026
Rare earthsRefinery production 20254,702 t magnet REE—IEA Global Critical Minerals Outlook 2026 (Critical Minerals Dataset, July 2026)
Rare earthsReserves 20251.9 million t REO#6 · 3%USGS MCS 2026
CobaltMine production 2025300 t Co content#12 · 0.1%USGS MCS 2026
CobaltReserves 202570,000 t Co content#12 · 0.6%USGS MCS 2026
LithiumMine production 2025633 t Li content—IEA Global Critical Minerals Outlook 2026 (Critical Minerals Dataset, July 2026)
LithiumRefinery production 20251,377 t Li content—IEA Global Critical Minerals Outlook 2026 (Critical Minerals Dataset, July 2026)
LithiumReserves 20254.4 million t Li content#5 · 12%USGS MCS 2026
CopperMine production 20251 million t Cu content#6 · 4%USGS MCS 2026
CopperRefinery production 2025850,000 t Cu content#6 · 3%USGS MCS 2026
CopperReserves 202547 million t Cu content#7 · 5%USGS MCS 2026
NickelMine production 202510,000 t Ni content#9 · 0.3%USGS MCS 2026
NickelReserves 2025340,000 t Ni content#9 · 0.2%USGS MCS 2026
Graphite (natural)Resources 20081 million t natural graphite#6 · 0.5%USGS MCS 2009
GermaniumRefinery production 20123,000 kg Ge content (refined)—USGS MCS 2013
BoronMine production 20061.15 million t boron minerals and compounds (all forms)—USGS MCS 2007
BoronReserves 202548 million t (basis not stated)—USGS MCS 2026
ChromiumReserves 20258.5 million t gross weight (chromite ore)#7 · 0.7%USGS MCS 2026
AntimonyReserves 202560,000 t Sb content#9 · 3%USGS MCS 2026
FluorsparReserves 20224 million t fluorspar#7 · 2%USGS MCS 2023
BariteMine production 2019414,000 t barite#6 · 5%USGS MCS 2021
BariteReserves 201515 million t barite#6 · 4%USGS MCS 2016
MagnesiteReserves 202535 million t gross weight magnesite#10 · 0.4%USGS MCS 2026
PlatinumMine production 20251,800 kg Pt content#5 · 1%USGS MCS 2026
PlatinumRefinery production 202332,900 kg Pt content#2 · 12%USGS Minerals Yearbook 2023 (platinum-group metals, tables-only release), table 6
PalladiumMine production 20256,200 kg Pd content#5 · 3%USGS MCS 2026
PalladiumRefinery production 202356,200 kg Pd content#3 · 17%USGS Minerals Yearbook 2023 (platinum-group metals, tables-only release), table 6
TinReserves 200520,000 t Sn content#11 · 0.3%USGS MCS 2006
TungstenReserves 2014140,000 t W content#5 · 4%USGS MCS 2015
ZincMine production 2025670,000 t Zn content#6 · 5%USGS MCS 2026
ZincReserves 20259.3 million t Zn content#7 · 4%USGS MCS 2026
BauxiteReserves 202520 million t bauxite (dry equivalent weight)#13 · 0.1%USGS MCS 2026
AluminaRefinery production 2025710,000 t alumina (calcined equivalent weight)#16 · 0.5%USGS MCS 2026
AluminiumRefinery production 2025660,000 t primary aluminium (smelter production)#12 · 0.9%USGS MCS 2026
VanadiumMine production 202017 t V content#5 · 0%USGS MCS 2022
VanadiumReserves 202550,000 t V content#6 · 0.2%USGS MCS 2026
Titanium (ilmenite)Mine production 2025100,000 t TiO2 content#11 · 1%USGS MCS 2026
Titanium (ilmenite)Reserves 20252 million t TiO2 content#9 · 0.4%USGS MCS 2026
Titanium (rutile)Reserves 2009400,000 t TiO2 content#8 · 0.9%USGS MCS 2010
NiobiumReserves 2025210,000 t Nb content#4 · 1%USGS MCS 2026
Phosphate rockMine production 202520 million t marketable phosphate rock (gross weight)#3 · 8%USGS MCS 2026
Phosphate rockReserves 20251,000 million t marketable phosphate rock (gross weight)#9 · 1%USGS MCS 2026
SiliconRefinery production 2022310,000 t Si content (ferrosilicon and silicon metal)—USGS MCS 2023
MolybdenumMine production 202540,000 t Mo content#3 · 15%USGS MCS 2026
MolybdenumReserves 20253.5 million t Mo content#2 · 21%USGS MCS 2026
LeadMine production 2025280,000 t Pb content#4 · 6%USGS MCS 2026
LeadReserves 20254.6 million t Pb content#6 · 5%USGS MCS 2026
ThoriumReserves 2013440,000 t ThO2#1 · 31%USGS MCS 2014
UraniumMine production 202319 t U content#16 · 0%NEA/IAEA Red Book 2024 (Uranium 2024), Table 1.18
UraniumResources 2023121,400 t U content#13 · 2%NEA/IAEA Red Book 2024 (Uranium 2024), Table 1.2a, <USD 260/kgU
BismuthReserves 20059,000 t Bi content#5 · 3%USGS MCS 2006
IndiumReserves 2007280 t In content#3 · 3%USGS MCS 2008
TelluriumReserves 20243,800 t Te content#2 · 11%USGS MCS 2025
BerylliumMine production 2025230 t Be content#1 · 53%USGS MCS 2026
BerylliumReserves 202519,000 t Be content—USGS MCS 2026
Zirconium (zircon)Mine production 2025100,000 t zircon mineral concentrates (gross weight)#4 · 8%USGS MCS 2026
Zirconium (zircon)Reserves 2025500,000 t ZrO2 content#7 · 0.7%USGS MCS 2026
HafniumReserves 200968,000 t HfO2 content#3 · 10%USGS MCS 2010
RheniumMine production 20259,800 kg Re content#4 · 12%USGS MCS 2026
RheniumReserves 2025400,000 kg Re content—USGS MCS 2026
Strontium (celestite)Resources 20081.4 million t celestite (gross weight)#2 · 12%USGS MCS 2009
SeleniumReserves 202410,000 t Se content#3 · 11%USGS MCS 2025
Platinum-group metalsReserves 2025590,000 kg PGM content#4 · 0.8%USGS MCS 2026
Iron oreMine production 202538 million t usable iron ore#10 · 1%USGS MCS 2026
Iron oreReserves 20253,600 million t crude ore#11 · 2%USGS MCS 2026
HeliumMine production 202581 million m3 helium#1 · 43%USGS MCS 2026
HeliumReserves 20258,500 million m3 helium—USGS MCS 2026
CadmiumRefinery production 2025200 t Cd metal#16 · 0.9%USGS MCS 2026
CadmiumReserves 201332,000 t Cd content#6 · 6%USGS MCS 2014
MercuryResources 20087,000 t Hg content#4 · 3%USGS MCS 2009
SilverMine production 20251,100 t Ag content#8 · 4%USGS MCS 2026
SilverReserves 202523,000 t Ag content#8 · 4%USGS MCS 2026
PotashMine production 2025500,000 t K2O equivalent#10 · 1%USGS MCS 2026
PotashReserves 2025220 million t K2O equivalent#5 · 4%USGS MCS 2026
SulfurRefinery production 20258.1 million t S content#2 · 10%USGS MCS 2026
Soda ashMine production 202512 million t sodium carbonate (natural)#1 · 63%USGS MCS 2026
Soda ashReserves 202523,000 million t sodium carbonate (natural)#1 · 92%USGS MCS 2026
LimeRefinery production 202515 million t lime#3 · 4%USGS MCS 2026
FeldsparMine production 2025440,000 t feldspar#13 · 1%USGS MCS 2026
GoldMine production 2025160 t Au content#5 · 5%USGS MCS 2026
GoldReserves 20253,000 t Au content#7 · 5%USGS MCS 2026
IodineMine production 20061,220 t I content—USGS MCS 2007
IodineReserves 2025250,000 t I content#3 · 4%USGS MCS 2026
BromineMine production 2007235,000 t Br content—USGS MCS 2008
BromineReserves 202511 million t Br content—USGS MCS 2026
Nitrogen (ammonia)Refinery production 202514 million t N content (ammonia)#4 · 9%USGS MCS 2026
BentoniteMine production 20254.1 million t bentonite#1 · 21%USGS MCS 2026
Fuller's earthMine production 20252.4 million t fuller's earth#1 · 55%USGS MCS 2026
KaolinMine production 20254.8 million t kaolin#5 · 10%USGS MCS 2026
DiatomiteMine production 2025720,000 t diatomite#1 · 29%USGS MCS 2026
DiatomiteReserves 2025250 million t diatomite—USGS MCS 2026
Garnet (industrial)Mine production 202577,000 t garnet (industrial)#3 · 11%USGS MCS 2026
Garnet (industrial)Reserves 20255 million t garnet (industrial)—USGS MCS 2026
GypsumMine production 202520 million t gypsum#1 · 13%USGS MCS 2026
GypsumReserves 2025700 million t gypsum—USGS MCS 2026
Kyanite and related mineralsMine production 202580,000 t kyanite and related minerals—USGS MCS 2026
Mica (scrap and flake)Mine production 202526,000 t scrap and flake mica#4 · 7%USGS MCS 2026
PeatMine production 2025330,000 t peat#12 · 2%USGS MCS 2026
PeatReserves 2025150 million t peat#8 · 1%USGS MCS 2026
PerliteMine production 2025460,000 t perlite#4 · 10%USGS MCS 2026
PerliteReserves 202550 million t perlite—USGS MCS 2026
Pumice and pumiciteMine production 2025430,000 t pumice and pumicite#11 · 2%USGS MCS 2026
SaltMine production 202540 million t salt#2 · 15%USGS MCS 2026
Sand and gravel (industrial)Mine production 2025120 million t industrial sand and gravel#1 · 28%USGS MCS 2026
Talc and pyrophylliteMine production 2025490,000 t talc and pyrophyllite#4 · 7%USGS MCS 2026
Talc and pyrophylliteReserves 2025140 million t talc and pyrophyllite—USGS MCS 2026
VermiculiteMine production 2025100,000 t vermiculite#2 · 22%USGS MCS 2026
VermiculiteReserves 202525 million t vermiculite—USGS MCS 2026
WollastoniteMine production 201067,000 t wollastonite—USGS MCS 2011
Zeolites (natural)Mine production 202580,000 t natural zeolites#7 · 6%USGS MCS 2026

Policies and export measures

Policy tracker →
  • 2026-07-30 · export control

    DPA section 101 determination on recoverable critical minerals and materials (scrap, black mass, end-of-life magnets)

    Signed 30 July 2026. It finds recoverable critical minerals and materials scarce and critical to national defence. These include black mass, end-of-life rare-earth permanent magnets, swarf and other critical-mineral scrap, but not copper scrap. Commerce is authorised to act under DPA section 101; the White House fact sheet says this includes export restrictions.

    Source: Executive Office of the President (Federal Register)
  • 2026-07-20 · ban

    Executive Order 14415: restricting waivers for covered materials in defense acquisition (10 U.S.C. 4872)

    Signed 20 July 2026. From 1 January 2027, the Department of War will stop issuing waivers under 10 U.S.C. 4872 for buying covered materials from restricted sources, unless the contractor has an approved mitigation plan. The EO does not affect Project Vault.

    Source: The White House
  • 2026-04-24 · agreement

    EU–US memorandum of understanding on a strategic partnership on critical minerals and Critical Minerals Action Plan

    Signed on 24 April 2026 (signature date). The MoU covers cooperation across the value chain. An accompanying trade Action Plan explores possible instruments such as border-adjusted price floors, standards-based markets, offtake agreements and coordination on stockpiling.

    Source: European Commission
  • 2026-02-17 · trade measure

    Antidumping and countervailing duty final determinations on Chinese active anode material (graphite)

    On 17 February 2026, Commerce published final affirmative determinations: active anode material from China was sold in the US at less than fair value and was subsidised. Cash deposits apply under AD/CVD procedures, subject to the ITC injury determination. Classed as export_control because the tracker has no import-measure type.

    Source: International Trade Administration, U.S. Department of Commerce (Federal Register)
  • 2026-02-02 · stockpile

    Project Vault: US Strategic Critical Minerals Reserve

    Announced on 2 February 2026 as an independently governed public-private partnership to store critical raw materials for US manufacturers in facilities across the United States. The EXIM Board approved a direct loan of up to $10 billion that day.

    Source: Export-Import Bank of the United States
  • 2026-01-14 · trade measure

    Proclamation 11001: Section 232 action on processed critical minerals and derivative products

    Signed 14 January 2026. The President agreed with Commerce's finding that these imports threaten to impair national security. He directed Commerce and USTR to negotiate agreements with trading partners, considering price floors and other measures. Minimum import prices or other remedies may follow depending on the negotiations; no tariff was imposed.

    Source: Executive Office of the President (Federal Register)
  • 2025-10-27 · agreement

    US–Japan Framework for Securing the Supply of Critical Minerals and Rare Earths

    Dated 27 October 2025 (signature date). Both governments intend to mobilise support for mining and processing projects, coordinate financing and trade measures, and consider a mutually complementary stockpiling arrangement using their existing national systems.

    Source: The White House
  • 2025-09-30 · incentive

    Termination of the 30D new clean vehicle credit (and its critical minerals requirement)

    Under Public Law 119-21 (sections 70501–70503), the 30D new clean vehicle credit, including its critical-minerals sourcing condition, is not allowed for vehicles acquired after 30 September 2025. The 25E and 45W credits end on the same date. The date shown is the last day of eligibility.

    Source: Internal Revenue Service
  • 2025-07-04 · incentive

    Public Law 119-21 (2025): phase-out of 45X credit for applicable critical minerals

    Enacted 4 July 2025. The 45X credit for applicable critical minerals (other than metallurgical coal) phases down for minerals produced after 31 December 2030: to 75% in 2031, 50% in 2032 and 25% in 2033. The law also adds foreign-entity restrictions tied to critical-mineral extraction, processing and recycling.

    Source: U.S. Government Publishing Office (govinfo)
  • 2025-07-04 · stockpile

    Public Law 119-21 (2025): $2 billion for the National Defense Stockpile

    Enacted 4 July 2025. The law appropriates $2,000,000,000 for activities to improve the US stockpile of critical minerals through the National Defense Stockpile Transaction Fund (50 U.S.C. chapter 5, subchapter III).

    Source: U.S. Government Publishing Office (govinfo)
  • 2025-04-24 · incentive

    Executive Order 14285: Unleashing America's Offshore Critical Minerals and Resources

    Signed 24 April 2025. It sets a policy to rapidly develop US capabilities to explore, collect and process seabed minerals, such as polymetallic nodules containing nickel, cobalt, copper, manganese, titanium and rare earths.

    Source: The White House
  • 2025-04-15 · trade measure

    Executive Order 14272: Section 232 investigation of imports of processed critical minerals and derivative products

    Signed 15 April 2025. It orders a Section 232 national-security investigation into imports of processed critical minerals (USGS list, including rare earths and uranium) and derivative products. Classed as export_control because the tracker has no import-measure type.

    Source: Executive Office of the President (Federal Register)
  • 2025-03-20 · incentive

    Executive Order 14241: Immediate Measures to Increase American Mineral Production

    Signed 20 March 2025. It directs agencies to name priority mineral-production projects and speed up their permits, to prioritise mineral production on federal land with known deposits, and to use financing tools including the Defense Production Act. The covered minerals are critical minerals plus uranium, copper, potash and gold.

    Source: Executive Office of the President (Federal Register)
  • 2025-01-08 · incentive

    EXIM Supply Chain Resiliency Initiative (SCRI)

    Approved by the EXIM Board on 8 January 2025. It finances critical-mineral and rare-earth projects in trusted partner countries that supply US manufacturers, such as automakers and battery producers, through offtake-linked agreements.

    Source: Export-Import Bank of the United States
  • 2024-12-27 · incentive

    IRA section 45X advanced manufacturing production credit: applicable critical minerals (final regulations)

    Final Treasury/IRS regulations under the Inflation Reduction Act. Producers of applicable critical minerals and electrode active materials can claim a credit of 10% of production costs. The date is the regulations' effective date; the statutory credit applies to components sold after 2022.

    Source: Internal Revenue Service, U.S. Department of the Treasury (Federal Register)
  • 2024-09-27 · trade measure

    Section 301 tariff increases on Chinese critical minerals, natural graphite and permanent magnets

    After the four-year review, Section 301 tariffs on certain Chinese critical minerals rose to 25% for goods entered from 27 September 2024. Natural graphite and permanent magnets rise to 25% in 2026. Classed as export_control because the tracker has no import-measure type.

    Source: Office of the United States Trade Representative (Federal Register)
  • 2024-08-11 · ban

    Prohibiting Russian Uranium Imports Act

    Enacted 13 May 2024. Imports of unirradiated low-enriched uranium produced in Russia or by a Russian entity are banned from 90 days after enactment (11 August 2024). The Secretary of Energy may grant waivers, all of which end no later than 1 January 2028.

    Source: U.S. Government Publishing Office (govinfo)
  • 2024-07-05 · incentive

    IRA section 30D clean vehicle credit: critical minerals requirement and foreign-entity-of-concern exclusion (final regulations)

    For full credit, a rising share of battery critical-mineral value must be extracted or processed in the US or a free-trade-agreement partner, or recycled in North America. Vehicles placed in service after 31 December 2024 are excluded if any battery critical minerals were extracted, processed or recycled by a foreign entity of concern. The date is the final rule's effective date.

    Source: Internal Revenue Service, U.S. Department of the Treasury (Federal Register)
  • 2024-04-13 · trade measure

    US import ban on Russian-origin aluminium, copper and nickel and limits on metal-exchange services

    Under E.O. 14068, imports of Russian aluminium, copper and nickel produced on or after 13 April 2024 are prohibited. Under E.O. 14071, providing warranting services on global metal exchanges and certain OTC derivatives services for these metals is restricted. The action was coordinated with the United Kingdom.

    Source: U.S. Department of the Treasury
  • 2023-03-28 · agreement

    US–Japan Agreement on Strengthening Critical Minerals Supply Chains

    Signed on 28 March 2023 (signature date) by the US Trade Representative and Japan's Ambassador. Builds on the 2019 US–Japan Trade Agreement, with commitments on trade, labour and environmental standards in critical minerals for EV batteries.

    Source: Office of the United States Trade Representative
  • 2022-06-14 · agreement

    Minerals Security Partnership (MSP)

    A US-led partnership, launched in June 2022, to channel public and private investment into responsible critical-minerals supply chains. The page lists 14 countries plus the EU as partners. The date is the 14 June 2022 launch shown on the State Department page.

    Source: U.S. Department of State (archived 2021–2025 site)
  • 2022-03-31 · incentive

    Defense Production Act Title III determination for large-capacity battery materials

    Signed 31 March 2022. The determination authorised DPA Title III support (the programme behind later DoD awards) for domestic mining, processing and recycling of strategic and critical materials for large-capacity batteries, such as lithium, nickel, cobalt, graphite and manganese.

    Source: The White House (archived)

Trade in critical minerals

Exports 2024$28 bn

  1. Copper$11 bnto China 36%, Mexico 25%, Canada 14% · 89 more
  2. Aluminium$5.3 bnto Mexico 19%, Malaysia 19%, India 16% · 97 more
  3. Zinc$1.5 bnto Canada 29%, China 16%, South Korea 15% · 56 more
  4. Palladium$1.4 bnto Switzerland 30%, Germany 23%, Canada 18% · 34 more
  5. Molybdenum$1.3 bnto Netherlands 36%, United Kingdom 26%, Japan 11% · 49 more
  6. Silicon$1.2 bnto Japan 36%, Vietnam 32%, South Korea 6% · 75 more
  7. Lead$1.1 bnto Canada 25%, China 25%, South Korea 14% · 44 more
  8. Platinum-group metals$901 mto Hong Kong 30%, Germany 20%, Japan 15% · 36 more

and 39 more commodities

Imports 2024$47 bn

  1. Aluminium$12 bnfrom Canada 67%, United Arab Emirates 10%, Mexico 4% · 87 more
  2. Copper$9.0 bnfrom Chile 65%, Canada 18%, Peru 6% · 84 more
  3. Potash$3.6 bnfrom Canada 83%, Russia 13%, Israel 3% · 23 more
  4. Platinum-group metals$2.4 bnfrom United Kingdom 31%, South Africa 31%, Germany 23% · 18 more
  5. Nickel$2.0 bnfrom Canada 42%, Norway 11%, Australia 7% · 51 more
  6. Palladium$1.9 bnfrom Russia 45%, South Africa 38%, South Korea 5% · 11 more
  7. Zinc$1.8 bnfrom Canada 63%, Mexico 15%, Peru 12% · 29 more
  8. Platinum$1.6 bnfrom South Africa 39%, United Kingdom 26%, Belgium 9% · 17 more

and 38 more commodities

Trade values in current US dollars (ores, concentrates, intermediates, chemicals and refined metal), not prices. * Includes HS codes that also cover other products. Source: CEPII BACI (HS22), Etalab Open Licence 2.0 — details.

Fiscal regime for mining

InstrumentApplies toRateLegal basis
RoyaltyCopper, Gold, Silver, Molybdenum, Uranium, Lead, Zinc, BerylliumState: Utah. Metalliferous minerals severance tax; uranium concentrates treated as finished metals; first USD 50,000 gross value per mine exempt annually; stockpiles taxed when sold or after 2 years2.6%taxable value of metals or metalliferous minerals sold or otherwise disposed of (shipment out of state = sale)Utah Code 59-5-202, as amended by 2024 General Session Ch. 25 (version effective 1 Jan 2025) · 59-5-202(1),(3)in force 2025-01-01
RoyaltyLithium, Magnesium metal, Potash, SaltState: Utah. Great Salt Lake brine extraction operators from calendar 2025, in lieu of the 2.6% tax: 7.8% if not party to a voluntary water-rights agreement; 2.6% if not party but not using evaporative concentration; parties to an agreement pay 2.6%, or 0% in a year after the lake fell below 4,198 ft. Royalty under 65A-6-4 is payable in addition7.8%taxable value of Great Salt Lake elements or minerals or metalliferous compounds sold or otherwise disposed ofUtah Code 59-5-202, as amended by 2024 General Session Ch. 25 (version effective 1 Jan 2025) · 59-5-202(5)in force 2025-01-01
RoyaltyCopper, Nickel, Cobalt, Platinum-group metals, Gold, Silver, Titanium spongeState: Minnesota. Gross proceeds tax on all ores, metals and minerals mined except sand, gravel, stone, peat, clay, iron ore and taconite; minimum annual payment for permitted non-ferrous mines; in addition to other taxes0.4%gross proceeds from mining (arm's-length sale proceeds, or E&MJ average prices otherwise, Minn. Stat. 298.016)Minnesota Statutes, Ch. 298 (Mining Taxes) · 298.015 subd. 1
RoyaltyIron oreState: Minnesota. Taconite production tax in lieu of property tax: USD 2.56 per gross ton for 2013 concentrate, indexed every year since 2014 by the GDP implicit price deflator; +3 cents per ton per 1% Fe above 72%2.56 USD/tper gross ton of merchantable iron ore concentrate (3-year average production)Minnesota Statutes, Ch. 298 (Mining Taxes) · 298.24 subd. 1
RoyaltyCopper, Lead, Zinc, Molybdenum, Gold, Silver, Platinum-group metals, Garnet (industrial)State: Montana. Metalliferous mines license tax: first USD 250,000 of gross value per year exempt; 1.81% above. Gold, silver or PGM dore, bullion or matte processed in the taxpayer's own facility and shipped to a refinery: 1.6% above USD 250,000 (s. 15-37-103(3))1.81%gross value of product (concentrate shipped to a smelter, mill or reduction works)Montana Code Annotated 2025, Title 15, Ch. 37, Part 1 (Metalliferous Mines License Tax) · 15-37-103(2)-(4)in force 2009-01-01
RoyaltySoda ashState: Wyoming. Severance tax on trona (2% + 2%)4%taxable value of trona at the point of valuationWyoming Statutes, Title 39, Ch. 14, Art. 3 (Trona) · W.S. 39-14-304(a)
RoyaltyUraniumState: Wyoming. Severance tax on uranium (2% + 2%). The price-linked 0-5% schedule for production from 2021 to 2025 (s. 39-14-504(b)-(c), U3O8 spot below USD 30 = 0%, USD 60 or more = 5%) no longer applies to production after 31 Dec 2025 and is repealed on 31 Dec 20264%taxable value of uraniumWyoming Statutes, Title 39, Ch. 14, Art. 5 (Uranium) · W.S. 39-14-504(a)
RoyaltyBentoniteState: Wyoming. Severance tax on bentonite2%taxable value of bentoniteWyoming Statutes, Title 39, Ch. 14, Art. 4 (Bentonite) · W.S. 39-14-404
RoyaltyAll mineralsState: Wyoming. Severance tax on 'other valuable deposits' (minerals not covered by the coal, oil and gas, trona, bentonite, uranium and sand-and-gravel articles, e.g. rare earths, gold, lithium)2%taxable value of other valuable depositsWyoming Statutes, Title 39, Ch. 14, Art. 7 (Other valuable deposits) · W.S. 39-14-704
Corporate income tax (mining)Copper, Nickel, Cobalt, Platinum-group metals, Gold, Silver, Titanium spongeState: Minnesota. Occupation tax on non-ferrous mining, including hydrometallurgical processing; in addition to all other taxes2.45%taxable income from mining, refining or producing ores, metals or minerals (other than iron ore/taconite), computed as for the corporate franchise taxMinnesota Statutes, Ch. 298 (Mining Taxes) · 298.01 subd. 3
Windfall / resource-rent taxCopper, Gold, Silver, MolybdenumState: Arizona. Severance tax on severers of metalliferous minerals (copper, gold, silver, molybdenum, other metals, turquoise); in lieu of transaction privilege tax on mining and processing. Effective burden 1.25% of the margin2.5%net severance base = 50% of (gross value of production - production costs) (A.R.S. 42-5204)Arizona Revised Statutes, Title 42, Ch. 5, Art. 7 (severance tax) · A.R.S. 42-5202(C), 42-5204
Windfall / resource-rent taxAll mineralsState: Alaska. Mining license tax, marginal: 0 up to USD 40,000; 3% on 40,000-50,000; USD 1,500 + 5% on 50,000-100,000; USD 4,000 + 7% above 100,000. New mining operations exempt for 3.5 years after production begins3-7 sliding scalenet income from mining property in the state (with percentage depletion) plus royalties receivedAlaska Statutes, Title 43, Ch. 65 (Mining License Tax) · AS 43.65.010(a),(c)
Windfall / resource-rent taxAll mineralsState: Nevada. Net proceeds of minerals tax: rate by ratio of net to gross proceeds, 2% (<10%) rising 0.5 pp per 8-pp band to 5% (>= 50%); flat 5% where net proceeds exceed USD 4 million in a calendar year; 5% on royalties received2-5 sliding scalenet proceeds of minerals (gross proceeds less allowable costs) of each geographically separate extractive operationNevada Revised Statutes, chapter 362 (Taxes on Mines and Minerals) · NRS 362.140in force 2025-11-19

Rates and terms as set in the cited law or regulation; agreements with individual projects can differ. Not legal or tax advice.

Deals and financing (61)

  1. 2026-09-21 · Offtake · announced

    Wogen Resources America LLC; Xcelsior Capital Advisors → Anson Resources · Green River lithium project (Utah)

    Anson signed a non-binding MoU with trader Wogen and adviser Xcelsior on a possible five-year offtake of 2,000-6,000 t/y LCE from its Green River lithium project, with associated financing.

    official release

  2. 2026-09-15 · Joint venture · signed

    The Elmet Group Co. → EQ Resources; Blue Moon Metals Inc. · Springer APT plant (Nevada)

    EQR signed a binding framework to take 10% of a new JV with Elmet (70%) and Blue Moon Metals (20%) to restart the 4,000 t/y Springer ammonium paratungstate plant in Nevada, and to supply 4,000 t of contained WO3 over eight years.

    official release

  3. 2026-09-14 · Equity investment · signed · US$450 m

    U.S. Department of War → The Elmet Group Co. · Elmet tungsten facilities (Maine, Michigan, Ohio)

    The Department of War agreed a USD 450 million redeemable preferred equity investment with warrants for up to 19.9% of Elmet to expand US tungsten processing, alongside a DLA stockpile contract with a ceiling of up to USD 2 billion.

    official release

  4. 2026-08-31 · Offtake · signed

    LG Energy Solution → Smackover Lithium (Standard Lithium / Equinor) · South West Arkansas lithium project

    LG Energy Solution signed a binding take-or-pay offtake for 8,000 t/y of lithium carbonate from Smackover Lithium's South West Arkansas project for ten years, bringing committed volumes to about 90% of the target.

    official release

  5. 2026-08-07 · Government loan · signed · US$25 m

    Export-Import Bank of the United States → Global Advanced Metals · Pennsylvania tantalum and niobium processing

    EXIM announced a USD 25 million loan to Global Advanced Metals for tantalum and niobium processing in Pennsylvania.

    official release

  6. 2026-08-07 · Government loan · signed · US$25 m

    Export-Import Bank of the United States → Westwater Resources · Kellyton graphite plant (Alabama)

    EXIM announced a USD 25 million loan to Westwater Resources for its Kellyton battery-graphite plant in Alabama at a White House critical minerals roundtable.

    official release

  7. 2026-06-23 · Strategic partnership · announced

    Korea Overseas Infrastructure & Urban Development Corporation (KIND); Hyundai Engineering Co. → Ioneer Ltd · Rhyolite Ridge lithium-boron project (Nevada)

    Ioneer signed non-binding letters of intent with Korea's state infrastructure investor KIND and Hyundai Engineering to support development of Rhyolite Ridge toward a final investment decision, with MoUs expected in July 2026.

    official release

  8. 2026-06-11 · Strategic partnership · signed · US$5.2 m

    POSCO Holdings → Anson Resources · Green River lithium project (Utah) DLE demonstration plant

    POSCO Holdings agreed to design, build and run its own direct lithium extraction demonstration plant at Anson's Green River project in Utah at its cost and to pay Anson a USD 5.2 million facilitation fee.

    official release

  9. 2026-05-21 · Government loan · signed · US$2,900 m

    Export-Import Bank of the United States → Perpetua Resources · Stibnite Gold Project

    EXIM's board approved a USD 2.9 billion senior secured loan under its Make More in America Initiative to fund construction of the Stibnite gold-antimony project in Idaho.

    official release

  10. 2026-03-09 · Offtake · signed

    Trafigura Trading LLC → Smackover Lithium (Standard Lithium / Equinor) · South West Arkansas lithium project

    Smackover Lithium signed its first binding take-or-pay offtake with Trafigura for 8,000 t/y of lithium carbonate from the South West Arkansas project over ten years; an amendment in September 2026 added an option for up to 4,000 t/y more.

    official release

and 51 earlier deals

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