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Signature Sponsor
April 19, 2026 -
We’ve been talking about it all week and the Senate took action yesterday, overturning former President Joe Biden’s mining ban in Minnesota, sending the bill to President Donald Trump, who is expected to sign it. The move reverses the prior administration’s 20-year mining ban on more than 220,000 acres of mineral rich land. It does not—as critics have claimed—approve any project. It merely opens the potential for the proper permitting processes to proceed on future projects. Which is good news for Minnesota jobs, good news for American minerals security and good news for how projects on federal lands should lawfully proceed in the United States. On the London Metal Exchange yesterday industrial metals jumped to a record high, following Middle East-driven supply disruptions of aluminum, and gains in copper. The LME Index, which tracks six major metals, has rallied by almost 12% over the past four weeks and was at an all-time high at close yesterday.
And Wood Mackenzie is highlighting that ongoing global energy supply disruptions are triggering a rebound in global thermal coal demand, as countries seek out alternatives to LNG. Although the Strait of Hormuz is critical to the global trade of Oil and gas, little coal travels through the strait.
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