Production, refining and reserves
| Commodity | Metric | Value | World rank · share | Source |
|---|---|---|---|---|
| Rare earths | Mine production 2025 | 51,000 t REO | #2 · 13% | USGS MCS 2026 |
| Rare earths | Refinery production 2025 | 4,702 t magnet REE | — | IEA Global Critical Minerals Outlook 2026 (Critical Minerals Dataset, July 2026) |
| Rare earths | Reserves 2025 | 1.9 million t REO | #6 · 3% | USGS MCS 2026 |
| Cobalt | Mine production 2025 | 300 t Co content | #12 · 0.1% | USGS MCS 2026 |
| Cobalt | Reserves 2025 | 70,000 t Co content | #12 · 0.6% | USGS MCS 2026 |
| Lithium | Mine production 2025 | 633 t Li content | — | IEA Global Critical Minerals Outlook 2026 (Critical Minerals Dataset, July 2026) |
| Lithium | Refinery production 2025 | 1,377 t Li content | — | IEA Global Critical Minerals Outlook 2026 (Critical Minerals Dataset, July 2026) |
| Lithium | Reserves 2025 | 4.4 million t Li content | #5 · 12% | USGS MCS 2026 |
| Copper | Mine production 2025 | 1 million t Cu content | #6 · 4% | USGS MCS 2026 |
| Copper | Refinery production 2025 | 850,000 t Cu content | #6 · 3% | USGS MCS 2026 |
| Copper | Reserves 2025 | 47 million t Cu content | #7 · 5% | USGS MCS 2026 |
| Nickel | Mine production 2025 | 10,000 t Ni content | #9 · 0.3% | USGS MCS 2026 |
| Nickel | Reserves 2025 | 340,000 t Ni content | #9 · 0.2% | USGS MCS 2026 |
| Graphite (natural) | Resources 2008 | 1 million t natural graphite | #6 · 0.5% | USGS MCS 2009 |
| Germanium | Refinery production 2012 | 3,000 kg Ge content (refined) | — | USGS MCS 2013 |
| Boron | Mine production 2006 | 1.15 million t boron minerals and compounds (all forms) | — | USGS MCS 2007 |
| Boron | Reserves 2025 | 48 million t (basis not stated) | — | USGS MCS 2026 |
| Chromium | Reserves 2025 | 8.5 million t gross weight (chromite ore) | #7 · 0.7% | USGS MCS 2026 |
| Antimony | Reserves 2025 | 60,000 t Sb content | #9 · 3% | USGS MCS 2026 |
| Fluorspar | Reserves 2022 | 4 million t fluorspar | #7 · 2% | USGS MCS 2023 |
| Barite | Mine production 2019 | 414,000 t barite | #6 · 5% | USGS MCS 2021 |
| Barite | Reserves 2015 | 15 million t barite | #6 · 4% | USGS MCS 2016 |
| Magnesite | Reserves 2025 | 35 million t gross weight magnesite | #10 · 0.4% | USGS MCS 2026 |
| Platinum | Mine production 2025 | 1,800 kg Pt content | #5 · 1% | USGS MCS 2026 |
| Platinum | Refinery production 2023 | 32,900 kg Pt content | #2 · 12% | USGS Minerals Yearbook 2023 (platinum-group metals, tables-only release), table 6 |
| Palladium | Mine production 2025 | 6,200 kg Pd content | #5 · 3% | USGS MCS 2026 |
| Palladium | Refinery production 2023 | 56,200 kg Pd content | #3 · 17% | USGS Minerals Yearbook 2023 (platinum-group metals, tables-only release), table 6 |
| Tin | Reserves 2005 | 20,000 t Sn content | #11 · 0.3% | USGS MCS 2006 |
| Tungsten | Reserves 2014 | 140,000 t W content | #5 · 4% | USGS MCS 2015 |
| Zinc | Mine production 2025 | 670,000 t Zn content | #6 · 5% | USGS MCS 2026 |
| Zinc | Reserves 2025 | 9.3 million t Zn content | #7 · 4% | USGS MCS 2026 |
| Bauxite | Reserves 2025 | 20 million t bauxite (dry equivalent weight) | #13 · 0.1% | USGS MCS 2026 |
| Alumina | Refinery production 2025 | 710,000 t alumina (calcined equivalent weight) | #16 · 0.5% | USGS MCS 2026 |
| Aluminium | Refinery production 2025 | 660,000 t primary aluminium (smelter production) | #12 · 0.9% | USGS MCS 2026 |
| Vanadium | Mine production 2020 | 17 t V content | #5 · 0% | USGS MCS 2022 |
| Vanadium | Reserves 2025 | 50,000 t V content | #6 · 0.2% | USGS MCS 2026 |
| Titanium (ilmenite) | Mine production 2025 | 100,000 t TiO2 content | #11 · 1% | USGS MCS 2026 |
| Titanium (ilmenite) | Reserves 2025 | 2 million t TiO2 content | #9 · 0.4% | USGS MCS 2026 |
| Titanium (rutile) | Reserves 2009 | 400,000 t TiO2 content | #8 · 0.9% | USGS MCS 2010 |
| Niobium | Reserves 2025 | 210,000 t Nb content | #4 · 1% | USGS MCS 2026 |
| Phosphate rock | Mine production 2025 | 20 million t marketable phosphate rock (gross weight) | #3 · 8% | USGS MCS 2026 |
| Phosphate rock | Reserves 2025 | 1,000 million t marketable phosphate rock (gross weight) | #9 · 1% | USGS MCS 2026 |
| Silicon | Refinery production 2022 | 310,000 t Si content (ferrosilicon and silicon metal) | — | USGS MCS 2023 |
| Molybdenum | Mine production 2025 | 40,000 t Mo content | #3 · 15% | USGS MCS 2026 |
| Molybdenum | Reserves 2025 | 3.5 million t Mo content | #2 · 21% | USGS MCS 2026 |
| Lead | Mine production 2025 | 280,000 t Pb content | #4 · 6% | USGS MCS 2026 |
| Lead | Reserves 2025 | 4.6 million t Pb content | #6 · 5% | USGS MCS 2026 |
| Thorium | Reserves 2013 | 440,000 t ThO2 | #1 · 31% | USGS MCS 2014 |
| Uranium | Mine production 2023 | 19 t U content | #16 · 0% | NEA/IAEA Red Book 2024 (Uranium 2024), Table 1.18 |
| Uranium | Resources 2023 | 121,400 t U content | #13 · 2% | NEA/IAEA Red Book 2024 (Uranium 2024), Table 1.2a, <USD 260/kgU |
| Bismuth | Reserves 2005 | 9,000 t Bi content | #5 · 3% | USGS MCS 2006 |
| Indium | Reserves 2007 | 280 t In content | #3 · 3% | USGS MCS 2008 |
| Tellurium | Reserves 2024 | 3,800 t Te content | #2 · 11% | USGS MCS 2025 |
| Beryllium | Mine production 2025 | 230 t Be content | #1 · 53% | USGS MCS 2026 |
| Beryllium | Reserves 2025 | 19,000 t Be content | — | USGS MCS 2026 |
| Zirconium (zircon) | Mine production 2025 | 100,000 t zircon mineral concentrates (gross weight) | #4 · 8% | USGS MCS 2026 |
| Zirconium (zircon) | Reserves 2025 | 500,000 t ZrO2 content | #7 · 0.7% | USGS MCS 2026 |
| Hafnium | Reserves 2009 | 68,000 t HfO2 content | #3 · 10% | USGS MCS 2010 |
| Rhenium | Mine production 2025 | 9,800 kg Re content | #4 · 12% | USGS MCS 2026 |
| Rhenium | Reserves 2025 | 400,000 kg Re content | — | USGS MCS 2026 |
| Strontium (celestite) | Resources 2008 | 1.4 million t celestite (gross weight) | #2 · 12% | USGS MCS 2009 |
| Selenium | Reserves 2024 | 10,000 t Se content | #3 · 11% | USGS MCS 2025 |
| Platinum-group metals | Reserves 2025 | 590,000 kg PGM content | #4 · 0.8% | USGS MCS 2026 |
| Iron ore | Mine production 2025 | 38 million t usable iron ore | #10 · 1% | USGS MCS 2026 |
| Iron ore | Reserves 2025 | 3,600 million t crude ore | #11 · 2% | USGS MCS 2026 |
| Helium | Mine production 2025 | 81 million m3 helium | #1 · 43% | USGS MCS 2026 |
| Helium | Reserves 2025 | 8,500 million m3 helium | — | USGS MCS 2026 |
| Cadmium | Refinery production 2025 | 200 t Cd metal | #16 · 0.9% | USGS MCS 2026 |
| Cadmium | Reserves 2013 | 32,000 t Cd content | #6 · 6% | USGS MCS 2014 |
| Mercury | Resources 2008 | 7,000 t Hg content | #4 · 3% | USGS MCS 2009 |
| Silver | Mine production 2025 | 1,100 t Ag content | #8 · 4% | USGS MCS 2026 |
| Silver | Reserves 2025 | 23,000 t Ag content | #8 · 4% | USGS MCS 2026 |
| Potash | Mine production 2025 | 500,000 t K2O equivalent | #10 · 1% | USGS MCS 2026 |
| Potash | Reserves 2025 | 220 million t K2O equivalent | #5 · 4% | USGS MCS 2026 |
| Sulfur | Refinery production 2025 | 8.1 million t S content | #2 · 10% | USGS MCS 2026 |
| Soda ash | Mine production 2025 | 12 million t sodium carbonate (natural) | #1 · 63% | USGS MCS 2026 |
| Soda ash | Reserves 2025 | 23,000 million t sodium carbonate (natural) | #1 · 92% | USGS MCS 2026 |
| Lime | Refinery production 2025 | 15 million t lime | #3 · 4% | USGS MCS 2026 |
| Feldspar | Mine production 2025 | 440,000 t feldspar | #13 · 1% | USGS MCS 2026 |
| Gold | Mine production 2025 | 160 t Au content | #5 · 5% | USGS MCS 2026 |
| Gold | Reserves 2025 | 3,000 t Au content | #7 · 5% | USGS MCS 2026 |
| Iodine | Mine production 2006 | 1,220 t I content | — | USGS MCS 2007 |
| Iodine | Reserves 2025 | 250,000 t I content | #3 · 4% | USGS MCS 2026 |
| Bromine | Mine production 2007 | 235,000 t Br content | — | USGS MCS 2008 |
| Bromine | Reserves 2025 | 11 million t Br content | — | USGS MCS 2026 |
| Nitrogen (ammonia) | Refinery production 2025 | 14 million t N content (ammonia) | #4 · 9% | USGS MCS 2026 |
| Bentonite | Mine production 2025 | 4.1 million t bentonite | #1 · 21% | USGS MCS 2026 |
| Fuller's earth | Mine production 2025 | 2.4 million t fuller's earth | #1 · 55% | USGS MCS 2026 |
| Kaolin | Mine production 2025 | 4.8 million t kaolin | #5 · 10% | USGS MCS 2026 |
| Diatomite | Mine production 2025 | 720,000 t diatomite | #1 · 29% | USGS MCS 2026 |
| Diatomite | Reserves 2025 | 250 million t diatomite | — | USGS MCS 2026 |
| Garnet (industrial) | Mine production 2025 | 77,000 t garnet (industrial) | #3 · 11% | USGS MCS 2026 |
| Garnet (industrial) | Reserves 2025 | 5 million t garnet (industrial) | — | USGS MCS 2026 |
| Gypsum | Mine production 2025 | 20 million t gypsum | #1 · 13% | USGS MCS 2026 |
| Gypsum | Reserves 2025 | 700 million t gypsum | — | USGS MCS 2026 |
| Kyanite and related minerals | Mine production 2025 | 80,000 t kyanite and related minerals | — | USGS MCS 2026 |
| Mica (scrap and flake) | Mine production 2025 | 26,000 t scrap and flake mica | #4 · 7% | USGS MCS 2026 |
| Peat | Mine production 2025 | 330,000 t peat | #12 · 2% | USGS MCS 2026 |
| Peat | Reserves 2025 | 150 million t peat | #8 · 1% | USGS MCS 2026 |
| Perlite | Mine production 2025 | 460,000 t perlite | #4 · 10% | USGS MCS 2026 |
| Perlite | Reserves 2025 | 50 million t perlite | — | USGS MCS 2026 |
| Pumice and pumicite | Mine production 2025 | 430,000 t pumice and pumicite | #11 · 2% | USGS MCS 2026 |
| Salt | Mine production 2025 | 40 million t salt | #2 · 15% | USGS MCS 2026 |
| Sand and gravel (industrial) | Mine production 2025 | 120 million t industrial sand and gravel | #1 · 28% | USGS MCS 2026 |
| Talc and pyrophyllite | Mine production 2025 | 490,000 t talc and pyrophyllite | #4 · 7% | USGS MCS 2026 |
| Talc and pyrophyllite | Reserves 2025 | 140 million t talc and pyrophyllite | — | USGS MCS 2026 |
| Vermiculite | Mine production 2025 | 100,000 t vermiculite | #2 · 22% | USGS MCS 2026 |
| Vermiculite | Reserves 2025 | 25 million t vermiculite | — | USGS MCS 2026 |
| Wollastonite | Mine production 2010 | 67,000 t wollastonite | — | USGS MCS 2011 |
| Zeolites (natural) | Mine production 2025 | 80,000 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 House2026-04-24 · 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 Commission2026-02-17 · 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 States2026-01-14 · 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 House2025-09-30 · 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 Service2025-07-04 · 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 House2025-04-15 · 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 States2024-12-27 · 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 Treasury2023-03-28 · 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 Representative2022-06-14 · 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
- Copper$11 bnto China 36%, Mexico 25%, Canada 14% · 89 more
- Aluminium$5.3 bnto Mexico 19%, Malaysia 19%, India 16% · 97 more
- Zinc$1.5 bnto Canada 29%, China 16%, South Korea 15% · 56 more
- Palladium$1.4 bnto Switzerland 30%, Germany 23%, Canada 18% · 34 more
- Molybdenum$1.3 bnto Netherlands 36%, United Kingdom 26%, Japan 11% · 49 more
- Silicon$1.2 bnto Japan 36%, Vietnam 32%, South Korea 6% · 75 more
- Lead$1.1 bnto Canada 25%, China 25%, South Korea 14% · 44 more
- Platinum-group metals$901 mto Hong Kong 30%, Germany 20%, Japan 15% · 36 more
and 39 more commodities
Imports 2024$47 bn
- Aluminium$12 bnfrom Canada 67%, United Arab Emirates 10%, Mexico 4% · 87 more
- Copper$9.0 bnfrom Chile 65%, Canada 18%, Peru 6% · 84 more
- Potash$3.6 bnfrom Canada 83%, Russia 13%, Israel 3% · 23 more
- Platinum-group metals$2.4 bnfrom United Kingdom 31%, South Africa 31%, Germany 23% · 18 more
- Nickel$2.0 bnfrom Canada 42%, Norway 11%, Australia 7% · 51 more
- Palladium$1.9 bnfrom Russia 45%, South Africa 38%, South Korea 5% · 11 more
- Zinc$1.8 bnfrom Canada 63%, Mexico 15%, Peru 12% · 29 more
- 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
| Instrument | Applies to | Rate | Legal basis |
|---|---|---|---|
| Royalty | Copper, 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 years | 2.6%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 |
| Royalty | Lithium, 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 addition | 7.8%taxable value of Great Salt Lake elements or minerals or metalliferous compounds sold or otherwise disposed of | Utah 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 |
| Royalty | Copper, 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 taxes | 0.4%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 |
| Royalty | Iron 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 |
| Royalty | Copper, 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 |
| Royalty | Soda ashState: Wyoming. Severance tax on trona (2% + 2%) | 4%taxable value of trona at the point of valuation | Wyoming Statutes, Title 39, Ch. 14, Art. 3 (Trona) · W.S. 39-14-304(a) |
| Royalty | UraniumState: 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 2026 | 4%taxable value of uranium | Wyoming Statutes, Title 39, Ch. 14, Art. 5 (Uranium) · W.S. 39-14-504(a) |
| Royalty | BentoniteState: Wyoming. Severance tax on bentonite | 2%taxable value of bentonite | Wyoming Statutes, Title 39, Ch. 14, Art. 4 (Bentonite) · W.S. 39-14-404 |
| Royalty | All 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 deposits | Wyoming 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 taxes | 2.45%taxable income from mining, refining or producing ores, metals or minerals (other than iron ore/taconite), computed as for the corporate franchise tax | Minnesota Statutes, Ch. 298 (Mining Taxes) · 298.01 subd. 3 |
| Windfall / resource-rent tax | Copper, 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 margin | 2.5%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 tax | All 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 begins | 3-7 sliding scalenet income from mining property in the state (with percentage depletion) plus royalties received | Alaska Statutes, Title 43, Ch. 65 (Mining License Tax) · AS 43.65.010(a),(c) |
| Windfall / resource-rent tax | All 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 received | 2-5 sliding scalenet proceeds of minerals (gross proceeds less allowable costs) of each geographically separate extractive operation | Nevada 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)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
and 51 earlier deals
Mines and facilities (57)
- 5N Plus Semiconductors St. George plantProcessing plant · In production · UtahGermanium, Tellurium, Gallium, Indium
- Angel Island Lithium ProjectProject · Development · NevadaLithium
- Arctic Copper-Zinc-Lead-Gold-Silver Project (Upper Kobuk / Ambler)Project · Development · AlaskaCopper, Zinc, Lead, Gold, Silver
- ASARCO Amarillo copper refineryRefinery · Care & maintenance · TexasCopper, Selenium, Tellurium
- ATI Millersburg operationsProcessing plant · In production · OregonZirconium (zircon), Hafnium, Niobium
- Bagdad MineMine · In production · ArizonaCopper, Molybdenum
- Bingham Canyon Mine (Kennecott)Mine · In production · UtahCopper, Molybdenum, Gold, Silver
- Carlsbad Potash (K-Mag) MineMine · In production · New MexicoPotash
- Clarksville Zinc SmelterSmelter · In production · TennesseeZinc, Germanium, Gallium
- Climax MineMine · In production · ColoradoMolybdenum
- Columbus Metallurgical ComplexSmelter · In production · MontanaPalladium, Platinum, Nickel, Cobalt
- Doe Run Resource Recycling facilitySmelter · In production · MissouriLead
- Doe Run Southeast Missouri mines (Viburnum Trend)Mine · In production · MissouriLead, Zinc, Copper
- Eagle MineMine · In production · MichiganNickel, Copper, Cobalt
- East Boulder MineMine · In production · MontanaPalladium, Platinum, Nickel, Copper
- El Paso copper refineryRefinery · In production · TexasCopper, Tellurium, Selenium, Nickel
- Elk Creek Niobium-Scandium-Titanium ProjectProject · Development · NebraskaNiobium, Rare earths, Scandium
- Four Corners Phosphate MineMine · In production · FloridaPhosphate rock
- Graphite Creek Graphite ProjectProject · Development · AlaskaGraphite (natural)
- Halleck Creek Rare Earths ProjectProject · Exploration · WyomingRare earths
- Henderson MineMine · In production · ColoradoMolybdenum
- Idaho Cobalt OperationsMine · Care & maintenance · IdahoCobalt, Copper, Gold
- Intrepid HB Solution MineMine · In production · New MexicoPotash
- Intrepid Moab Potash OperationMine · In production · UtahPotash
- Kennecott copper refineryRefinery · In production · UtahCopper, Tellurium, Selenium, Gold, Silver
- Kings Mountain Lithium ProjectProject · Development · North CarolinaLithium
- La Paz Rare Earths ProjectProject · Exploration · ArizonaRare earths
- Langeloth Metallurgical FacilityProcessing plant · In production · PennsylvaniaMolybdenum, Rhenium
- Lemhi Pass thorium districtProject · Exploration · Idaho; MontanaThorium, Rare earths, Uranium, Copper
- Materion Delta beryllium hydroxide millProcessing plant · In production · UtahBeryllium
- Materion Elmore beryllium plantProcessing plant · In production · OhioBeryllium, Copper
- McDermitt Lithium ProjectProject · Development · OregonLithium
- Miami SmelterSmelter · In production · ArizonaCopper
- Morenci MineMine · In production · ArizonaCopper, Molybdenum
- Mountain Pass Rare Earth MineMine · In production · CaliforniaRare earths
- MP Materials Independence FacilityProcessing plant · In production · TexasRare earths
- NorthMet ProjectProject · Development · MinnesotaCopper, Nickel, Cobalt, Palladium, Platinum
- Red Dog MineMine · In production · AlaskaZinc, Lead, Germanium, Silver
- Resolution Copper ProjectProject · Development · ArizonaCopper, Molybdenum
- Rhyolite Ridge Lithium-Boron ProjectProject · Development · NevadaLithium, Boron
- Rio Tinto Borates Boron MineMine · In production · CaliforniaBoron
- Santa Cruz Copper ProjectProject · Development · ArizonaCopper
- Silver Peak Lithium OperationBrine operation · In production · NevadaLithium
- South West Arkansas Lithium ProjectProject · Development · ArkansasLithium
- Spor Mountain bertrandite mineMine · In production · UtahBeryllium
- Starke (Trail Ridge) Mineral Sands OperationMine · In production · FloridaTitanium (ilmenite), Titanium (rutile), Zirconium (zircon)
- Stibnite Gold ProjectProject · Construction · IdahoAntimony, Gold
- Stillwater Mine (Stillwater East)Mine · In production · MontanaPalladium, Platinum, Nickel, Copper
- Thacker Pass Lithium ProjectProject · Construction · NevadaLithium
- Thompson Creek MineMine · Construction · IdahoMolybdenum
- Thompson Falls Antimony SmelterSmelter · In production · MontanaAntimony
- TIMET Henderson titanium sponge plantProcessing plant · Care & maintenance · NevadaTitanium sponge
- Umicore Optical Materials Quapaw plantProcessing plant · In production · OklahomaGermanium
- US Magnesium Rowley plantSmelter · Care & maintenance · UtahMagnesium metal
- Westinghouse Western Zirconium plantProcessing plant · In production · UtahZirconium (zircon), Hafnium
- Wet Mountains thorium districtProject · Exploration · ColoradoThorium, Rare earths, Niobium
- White Mesa MillProcessing plant · In production · UtahUranium, Rare earths, Vanadium
Latest news
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