Opponents of copper-nickel mining say the bill won t go anywhere in Congress. 2:56 pm, Apr. 16, 2021 ×
U.S. Rep. Pete Stauber, R-Hermantown, speaks at the University of Wisconsin-Superior’s Lake Superior Research Institute in September. (Jed Carlson / 2020 file / News Tribune)
DULUTH U.S. Rep. Pete Stauber introduced a bill that would speed up the federal permitting process for mining projects on federal land.
The bill would require permitting to finish within two and a half years, prevent duplication of work by federal agencies if it s already done by a state agency and set performance standards and other timelines to track permitting agencies.
Wisconsin Outdoor News Cuffs & Collars – April 16, 2021
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RANKED: World s top 10 nickel projects - Canadian Mining JournalCanadian Mining Journal
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RANKED: World’s top 10 nickel projects
DeepGreen Metals chairman and CEO Gerard Barron (right) in discussion at sea. Credit: DeepGreen Metals.
While nickel is mostly used for stainless steel, the base metal has begun to take centre stage in the production of batteries in electric vehicles, as it is expected that original equipment manufacturers will increasingly use high-nickel cathode battery chemistries.
The global nickel market is currently running at a surplus, but a supply deficit is expected to form in 2027 – and remain as demand accelerates.
The shift in market dynamics is already being reflected in the price of nickel, which recently surged to its highest since 2014. Prices are now approaching what market participants believe to be a key level for unlocking fresh supply.