Weekly Market Recap (November 7) – U.S. Adds Copper, Silver to Critical Minerals List

Weekly Market Recap (February 6) – U.S. Forges Critical Minerals Bloc to Counter China
Published on: Nov 6, 2025

The U.S. Geological Survey (USGS) officially released the 2025 Critical Minerals List on November 6, expanding the roster to 60 minerals in a significant update that underscores the nation’s intensifying focus on supply chain security for the energy transition and national defense.

The new list adds 10 minerals compared to the 2022 version, with the inclusion of copper and silver marking a pivotal recognition of their foundational role in a wide array of electrical, electronic, and clean energy technologies. Their designation formally classifies them as “critical” to U.S. economic and national security.

Other notable additions to the list include uranium, metallurgical coal, potash, rhenium, silicon, and lead.

In the September edition of the METALS 100 interview, Galen McNamara, CEO & Director of Silver47 Exploration Corp. (TSXV: AGA, OTCQB: AAGAF), detailed the company’s latest developments and upcoming plans. Silver47 Exploration is a mineral exploration company focused on uncovering and developing silver-rich deposits in North America, with 246 Moz AgEq resources. Additionally, the company’s 2025 program at the Adams Plateau silver-zinc-copper-gold-lead project in British Columbia is nearing completion.

The USGS emphasized that the revised list was not a simple selection but the product of a sophisticated, internally developed economic model. This model simulated the potential impacts of foreign supply disruptions across 84 minerals and 402 industries under more than 1,200 scenarios. The agency stated the goal was to provide policymakers with a “more realistic and usable” assessment framework.

The Critical Minerals List plays a central role in shaping U.S. domestic policy, directly serving several key national strategies:

  • Basis for Trade Protection: The list serves as the foundation for initiating investigations under Section 232 of the Trade Expansion Act, which can lead to tariffs or other import restrictions. The U.S. launched such a probe into copper earlier this year, and its formal listing paves the way for potential follow-up actions.
  • Guide for Strategic Investment: It will direct federal investments toward weakness in the mineral supply chain. Priority areas include mining development, recycling from mine waste, strategic stockpiling, and tax incentives for domestic mineral processing.
  • Streamlined Permitting: Mining projects focused on listed minerals are expected to benefit from streamlined permitting processes, such as mine permits, to accelerate the build-out of domestic production capacity.

The list’s update comes immediately on the heels of a resolved trade dispute between the U.S. and China concerning rare earth elements. Notably, rare earths occupy 15 spots on the USGS list, accounting for a quarter of all entries.

Analysts point out that while seeking a truce with China—the dominant player in many critical mineral supply chains—the U.S. is simultaneously accelerating efforts to formally list more strategic resources like copper and silver. This dual approach highlights a long-term strategic intent to reduce geopolitical dependencies and comprehensively strengthen the resilience of its domestic resource base.

2025 List of Critical Minerals

The U.S. Geological Survey’s 2025 list includes 60 minerals deemed critical to the nation’s economic and national security. The table below details each mineral and its primary applications.

Mineral Key Applications
Aluminum Used in almost all sectors of the economy
Antimony Used in lead-acid batteries and flame retardants
Arsenic Used in semiconductors
Barite Used in oil and gas drilling and medical imaging
Beryllium Used to manufacture metal alloys for aerospace and defense
Bismuth Used in nontoxic metals, atomic research, and some medical applications
Boron Used to harden steel and glass and in nuclear energy
Cerium Used in catalytic converters, ceramics, glass, metallurgy, and polishing
Cesium Used in atomic clocks for global positioning systems (GPS)
Chromium Used in stainless steel
Cobalt Used in batteries and metal alloys for extreme temperatures
Copper Used widely in wiring and cables
Dysprosium Used in permanent magnets, data storage devices, and lasers
Erbium Used in fiber optics, optical amplifiers, lasers, and glass colorants
Europium Used in phosphors and nuclear control rods
Fluorspar Used to make synthetic materials, plastics, iron and steel, ceramics, glass, and in refineries
Gadolinium Used in medical imaging, permanent magnets, and steel
Gallium Used in semiconductors
Germanium Used in fiber optics, semiconductors, and night vision
Graphite Used in lubricants, batteries, and fuel cells
Hafnium Used in nuclear control rods, semiconductors, and aerospace
Holmium Used in permanent magnets, nuclear control rods, and lasers
Indium Used in flat-panel displays and touchscreens
Iridium Used for electrochemical processes and as a chemical catalyst
Lanthanum Used in chemical catalysts, metallurgy, and batteries
Lead Used in batteries, ammunition, glass and ceramics production
Lithium Used in rechargeable batteries
Lutetium Used for medical imaging, electronics, and some cancer therapies
Magnesium Used in metal alloys for aerospace, automotive, and electronics industries
Manganese Used in steel production and batteries
Metallurgical coal Used in steel production
Neodymium Used in permanent magnets, medical and industrial lasers, and in rubber production
Nickel Used to make high-strength steel and rechargeable batteries
Niobium Used to strengthen steel
Palladium Used in catalytic converters, electronics, and as a chemical catalyst
Phosphate Used in fertilizers
Platinum Used in catalytic converters, aerospace alloys, and chemical refining
Potash Used in most fertilizers
Praseodymium Used in permanent magnets, batteries, aerospace metal alloys, ceramics, and colorants
Rhenium Used in high-performance jet engines and gas turbines
Rhodium Used in catalytic converters, electrical components, and as a chemical catalyst
Rubidium Used in atomic clocks for GPS, data network syncing, and R&D
Ruthenium Used as catalysts, as well as electrical contacts and chip resistors in computers
Samarium Used in permanent magnets, in nuclear reactors, and in cancer treatments
Scandium Used to strengthen metal alloys, in fuel cells, and in high-intensity lighting
Silicon Used in silicon wafers fundamental to semiconductors
Silver Used in electrical circuits, batteries, solar cells, and anti-bacterial medical instruments
Tantalum Used in materials and electronic components for high temperatures and harsh environments
Tellurium Used in solar cells, to strengthen steel and copper, and in rubber, microchips and lasers
Terbium Used in permanent magnets, fiber optics, lasers, and solid-state devices
Thulium Used in lasers, x-ray devices, and metal alloys for industrial products and nuclear reactors
Tin Used for food and beverage cans, circuit board components and corrosion-resistant coatings
Titanium Used as a white pigment and in metal alloys for airplanes, spacecraft and armor
Tungsten Primarily used to make wear-resistant metals for jet engines, ammunition, and mining equipment
Uranium Used as a nuclear fuel and in medical applications
Vanadium Used to strengthen iron and steel
Ytterbium Used for catalysts, lasers, and metallurgy
Yttrium Used in lighting and display technologies and in high-performance metal alloys
Zinc Used as a coating to protect iron and steel from rust and corrosion
Zirconium Used in nuclear reactors, aerospace heat shields and engine components

Note: Minerals in bold are new additions to the 2025 list.

Copper Potash Fertilizer Silver Uranium