Nevada Copper Corp said on Monday it has started production at its Pumpkin Hollo...
FILE PHOTO: Nevada Copper's Pumpkin Hollow copper mine in Yerington, Nevada, U.S., January 10, 2019. Picture taken January 10, 2019. REUTERS/Bob Strong/File Photo
The mine is opening just as copper prices are projected to rise due to increasing demand from the electric vehicle industry. Once seen as a laggard in the global mining industry, U.S. copper deposits have drawn nearly $3 billion in recent investments from small and large miners alike. The mine was developed amidst a push by U.S. President Donald Trump and other officials in Washington to boost domestic minerals production to reduce the nation’s reliance on rivals.
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