The Canary in the Pebble Mine
A textbook example of why the U.S is vulnerable foreign mineral and mining extortion.
Politicians are demanding that the U.S. become more self-sufficient in crucial metals and minerals, but then they block domestic mining at every opportunity. Alaska’s Pebble Mine project is the latest to join the casualty list.
The Pebble site holds an estimated $300 billion to $500 billion in mineral resources and could be one of the world’s largest suppliers of copper and gold. Electric cars as well as wind and solar power require enormous amounts of copper. Investors have invested nearly $1 billion on exploration, engineering and studies to meet regulatory demands.
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