Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") is pleased to announce that, Mark Rebagliati, Hunter Dickinson Inc.'s (HDI) Executive Vice President Exploration, has been selected as the 2022 recipient of the J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"). The award ceremony was held on May 2, 2022. HDI provides various services to the Company through its subsidiary Hunter Dickinson Services Inc
"On behalf of the entire HDI team, I would like to congratulate Mark Rebagliati on being awarded the J.C. Sproule Northern Exploration Award by the CIM," said Robert Dickinson, Chairman, HDI. "Having known Mark since the 1970's and having had the pleasure of working directly with him since he joined HDI in 1988, I know first-hand that few modern-era geoscientists can match his prolific track record of discovery in Canada and abroad. Mining is a tough business but having Mark on the team makes it that little bit easier."
"In mining it's all about geology and the best approach is to start with the best geologists. Thanks Mark," said Ron Thiessen, CEO, HDI.
Mr. Rebagliati's remarkable ability to identify significant mineral deposits includes an unusually large number of major discovery and project advancements. He led exploration efforts or was part of a team that discovered and advanced the Red Chris, Mount Milligan, Southern Star, Kemess South and IKE deposits in British Columbia, the Pebble East zone in Alaska, the Xietongmen and Newtongmen deposits in China and several deposits at Campo Morado in Mexico. He was also involved in substantially expanding the resources at the Casino deposit in Yukon, and the Pebble West zone in Alaska.
Over a long and distinguished career, Mr. Rebagliati has been recognized on numerous occasions for his successful achievements in mineral exploration and development. He received the 1992 Spud Huestis Award from the Association of Mineral Exploration ("AME") In British Columbia for excellence in exploration and the 1997 Bill Dennis Prospector of the Year Award from the Prospectors and Developers Association ("PDAC"). In 2007, he was co-recipient with the HDI team for the Thayer Lindsley International Discovery Award from the PDAC. He also received the 2008 Robert M. Dreyer Award from the Society of Mining Metallurgy and Exploration for Outstanding achievements in Applied Economic Geology and the 2009 Colin Spence Award from AME for excellence in global exploration. In 2014, Mark was inducted into the Canadian Mining Hall of Fame for his outstanding achievements in mineral exploration.
Hunter Dickinson Inc. ("HDI") is a diversified, global mining group with more than 30 years of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop and monetize mineral properties for the benefit of stakeholders.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and U.S. public filings at www.sec.gov.
Ronald W. Thiessen President & CEO
SOURCE: Northern Dynasty Minerals Ltd.
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Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today the launch of a Zinc Satellite initiative focused on surfacing value from Teck's portfolio of world-class zinc development assets located in the Americas and Australia, including five substantial zinc resources.
Zinc Satellite will build on the technical and commercial expertise of Teck's Project Satellite team, which has successfully advanced and grown the value of various copper growth projects, including San Nicolás in Mexico and Zafranal in Peru, such that Teck now has the best portfolio of copper growth options in the industry.
"The market outlook for zinc is strong, due to declining production from existing primary zinc mines, underinvestment in global exploration for zinc, and long-term demand driven by decarbonization, which is galvanized steel-intensive," said Don Lindsay, President and CEO. "Zinc Satellite will leverage our successful Project Satellite approach of making prudent investments to advance each asset by identifying pragmatic development options and paths to value. Value could ultimately be realized through a standalone investment, a partnership, or other transaction."
The five Zinc Satellite Projects are:
These projects represent five of the largest 25 undeveloped zinc deposits globally and are all located in stable jurisdictions. We have established work programs and teams to advance these potential zinc growth options with prudent investments to improve our understanding of each asset's potential, and define associated development options and paths to value for each one.
Teck is currently the world's largest net zinc miner based on zinc production from Red Dog in Alaska and Antamina in Peru. We also operate one of the world's largest integrated zinc-lead refineries, located in Trail, B.C.
Forward-Looking Statements This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.
Forward-looking statements in this news release include statements regarding: expectations for Teck's copper and zinc growth projects; the market outlook for zinc; the potential of Teck's copper development properties, the potential to advance each of the Zinc Satellite projects and realize value from them. These forward-looking statements involve numerous assumptions, including, but not limited to, assumptions that future work will result in advancement of any of the Zinc Satellite projects; assumptions regarding the accuracy of our current geological estimates; and assumptions regarding our ability to realize value. Factors that may cause actual results to vary materially include, but are not limited to: future zinc commodity price; inaccurate geological or metallurgical assumptions; unanticipated difficulties in advancing a project; difficult in obtaining or maintaining permits; lack of future funding; and other factors that impact our business generally. The foregoing list of factors is not exhaustive.
We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2021, filed under our profile on SEDAR ( www.sedar.com ) and on EDGAR ( www.sec.gov ) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.
About Teck As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .
Teck Media Contact: Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.com
Teck Investor Contact: Fraser Phillips Senior Vice President, Investor Relations and Strategic Analysis 604.699.4621 fraser.phillips@teck.com
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PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM), today filed its financial results for the three months ended March 31, 2022, and provided a business update.
The company made steady progress in litigation, continued its focus on optimization and engineering efforts related to the NorthMet Project, and maintained full compliance with all operating permits during the period, according to Jon Cherry, chairman, president and CEO.
"In the latest court decision, the Minnesota Court of Appeals in January affirmed nearly all aspects of the company's water discharge permit, an indication of steady and meaningful progress," Cherry said.
However, the court ruled that the Minnesota Pollution Control Agency must consider whether any discharges are the "functional equivalent" of a direct surface water discharge. The ruling stems from a U.S. Supreme Court ruling unrelated to PolyMet and issued more than a year after PolyMet's permit was issued. This functional-equivalence analysis is expected to be completed this year and to affirm earlier conclusions.
The water discharge permit is one of only three permits that remain on hold pending additional legal proceedings or regulatory process, which is anticipated to be largely addressed this year. The other two are the Permit to Mine and the federal wetlands (Section 404) permit.
The company made progress on the wetlands permit as the U.S. Army Corps of Engineers completed a three-day section 401(a)(2) hearing under the Clean Water Act on May 5, in Cloquet, Minnesota. The hearing was held to determine if the project will violate water quality requirements within the reservation boundaries of the Fond du Lac Band of Lake Superior Chippewa. State and federal agencies concluded during environmental review and permitting that the project will not affect water quality before reaching the reservation, which is 116 river miles downstream.
"We are confident the Corps will affirm the original conclusions by state and federal agencies that the PolyMet project will meet water quality standards downstream, including at the Fond du Lac boundary," Cherry said. "We are committed to bringing the former taconite site up to modern, safe mining standards and cleaning up legacy issues in the process."
Regarding the Permit to Mine, a contested case hearing by the Minnesota Department of Natural Resources on the effectiveness of bentonite clay at the tailings impoundment is anticipated in the second or third quarter of this year. Several preliminary hearings already have been held.
To date, PolyMet has received favorable decisions in all six cases that have reached final conclusion - four federal and two state. More information on recent court developments can be found on the company's website at www.polymetmining.com/investors/news/ and on its SEDAR and EDGAR profiles.
Key Balance Sheet Statistics (in '000 US dollars)
1 Deficiency at March 31, 2022 primarily due to the $62.7 million convertible debt with Glencore being due March 31, 2023. Glencore has committed to provide financial support to enable the Company to continue its business operations for the next twelve months.
Key Income and Cash Flow Statement Statistics (in '000 US dollars, except per share amounts)
The financial statements have been filed at www.polymetmining.com and on SEDAR and EDGAR and have been prepared in accordance with International Financial Reporting Standards. All amounts are in U.S. dollars. Copies can be obtained free of charge by contacting the company at 444 Cedar Street, Suite 2060, St. Paul, MN 55101, or by e-mail at info@polymetmining.com. Project developments described above are derived from these documents and should be read in conjunction with them.
PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to have received permits within the Duluth Complex in northeastern Minnesota, one of the world's major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium - metals vital to infrastructure improvements and global carbon reduction efforts - in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., feeding the supply chain with high-demand, responsibly mined metals crucial to the manufacture of clean energy and clean mobility technologies such as wind and solar generation, battery storage and electric vehicles.
Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region's established supplier network and skilled workforce and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.
For further information, please contact:
Media Bruce Richardson, Corporate Communications Tel: +1 (651) 389-4111 brichardson@polymetmining.com
Investor Relations Tony Gikas, Investor Relations Tel: +1 (651) 389-4110 investorrelations@polymetmining.com
This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, and the effect on the local economy, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.
PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change.
Specific reference is made to risk factors and other considerations underlying forward-looking statements discussed in PolyMet's most recent Annual Report on Form 40-F for the fiscal year ended December 31, 2021, and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission.
The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.
No regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123868
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Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) and the U.S. Department of Justice today received a split decision from the U.S. Court of Appeals for the Ninth Circuit (the "Decision"), which affirmed the U.S. District Court for the District of Arizona's ("District Court") decision in July 2019 relating to the Rosemont copper project in Arizona. In the Decision, the Court of Appeals agreed with the District Court's ruling that the U.S. Forest Service relied on incorrect assumptions regarding its legal authority and the validity of Rosemont's unpatented mining claims in the issuance of Rosemont's Final Environmental Impact Statement. While Hudbay reviews the Decision, in any event, the company will continue to pursue its alternative plan to advance its Copper World project.
Since 2019, Hudbay has successfully discovered the Copper World deposits located on patented mining claims adjacent to Rosemont. The company has also acquired a private land package totaling approximately 4,500 acres to support an operation on private lands. The initial technical studies for Copper World have been completed and the results are being incorporated into a Preliminary Economic Assessment ("PEA") contemplating the development of the Copper World deposits in conjunction with an alternative plan for the Rosemont deposit. The PEA is expected to incorporate a two-phase mine plan with the first phase reflecting a standalone operation utilizing Hudbay's private land for processing infrastructure and contemplating mining portions of Copper World and Rosemont located on patented mining claims. The first phase is expected to require only state and local permits and is expected to reflect an approximate 15-year mine life. The second phase of the mine plan is expected to extend the mine life and incorporate an expansion onto federal lands to mine the entire Rosemont and Copper World deposits. The second phase of the mine plan would be subject to the federal permitting process and the company expects it will be able to pursue the federal permits within the constraints imposed by the Decision, if any subsequent appeals are not successful. Hudbay expects the PEA to demonstrate positive economics for this low-cost, long-life copper project and the company is on track to publish the results in a NI 43-101 Technical Report in the second quarter of 2022.
This news release contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, Hudbay's expectations regarding the impacts of the decision of the U.S. Court of Appeals for the Ninth Circuit, Hudbay's expectations regarding the preliminary economic assessment of the Copper World project and a potential alternative development plan for the Rosemont deposit and Hudbay's expectations regarding the economics and permitting requirements for the Copper World project. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information.
Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, you should not place undue reliance on forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.
Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver), zinc metal and silver/gold doré. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company's growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay's mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com .
For investor and media inquiries, please contact:
Candace Brûlé Vice President, Investor Relations (416) 814-4387 candace.brule@hudbay.com
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TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today announced the voting results from its 2022 Annual Meeting (the "Meeting").
A total of 591,278,834 common shares were voted at the Meeting, representing 80.13% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business considered at the Meeting, as follows:
Advisory Vote on the Company's Approach to Executive Compensation
Detailed voting results for the 2022 Meeting are available on SEDAR at www.sedar.com .
Chair of the Board, Lead Director, and Board Committee Appointments
The Board of Directors (the "Board") is pleased to announce the appointment of Mr. Adam Lundin to the Chair of the Board. Mr. Adam Lundin takes on the role following the retirement of Mr. Lukas Lundin from the Board at the Company's 2022 Meeting. Mr. Heppenstall was reappointed as Lead Director.
The Board is also pleased to announce the appointment of Ms. Lam to the Audit Committee and Mr. Charter to the Safety and Sustainability Committee.
The composition of the Committees of the Board are now:
Corporate Governance and Nominating Committee
Catherine J. G. Stefan (Chair)
Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina , Brazil , Chile , Portugal , Sweden and the United States of America , primarily producing copper, zinc, gold and nickel.
The information was submitted for publication, through the agency of the contact persons set out below on May 12, 2022 at 16:30 Eastern Time .
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/12/c7975.html
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Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') would like to cordially invite you to visit us at Booth #823 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday May 17 - Wednesday May 18, 2022.
Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. VRIC will host more than 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics on May 17th and 18th, 2022.
Also presenting are best-selling finance author Robert "Rich Dad" Kiyosaki, dozens of globally respected economists, legendary money managers, and investors. The conversations on stage will cover the most important investment opportunities and key issues in macro-finance.
The VRIC will include a marketplace of 225 investment opportunities in the mining industry, spanning early-stage exploration to advanced-stage producing mines.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
We look forward to seeing you there.
About Benton Resources Inc. Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly prospective property portfolio in Lithium, Gold, Silver, Nickel, Copper, and Platinum Group Elements and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland that are now being explored. Most advanced projects have an up-to-date NI 43-101 Report available.
For further information, please contact:
Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca
CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com
Website: www.bentonresources.ca Twitter: @BentonResources Facebook: @BentonResourcesBEX LinkedIn: @BentonResources
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123794
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Copper products are widely used in building construction, electrical grids, electronic products, transportation equipment and home appliances.
A member of the holy trinity of metals along with gold and silver, copper has a long history as a critical material for the advancement of human civilization, dating back at least 8,000 years. The only base metal in the triad, copper’s numerous useful properties make it the third most-used industrial metal in the world.
The abundance of copper uses makes the metal a valuable indicator for global economic health, and for that reason the red metal has even earned itself the moniker “Dr. Copper.”
Pure copper is a soft, malleable material that can be molded into a multitude of products. In addition to high corrosion resistance, copper metal has very high thermal conductivity; it also has the second highest electrical conductivity of any metal after silver. These properties make it an ideal material for electrical and electronic products, which represent about three-quarters of the world’s copper consumption.
Copper also forms alloys more freely than most metals, and corrosion-resistant copper alloys are used in many industries, including manufacturing and construction. The red metal is even employed in the medical field to curb the spread of dangerous infections — a use case that is quickly gaining attention.
China is the largest consumer of refined copper and accounted for 54 percent of global copper ore imports in 2020. Industrial nations like Japan, the US, Germany and Spain also rank as significant consumers.
According to the US Geological Survey, the five top copper-producing countries are Chile, Peru, China, the Democratic Republic of Congo and the US. The island nation of Australia and the continent of Africa are also significant sources of copper ore.
Here the Investing News Network highlights copper uses in five industries driving copper demand.
Nearly half of all copper supply makes its way into buildings, from homes to businesses. In fact, one home alone can contain on average 439 pounds of copper. Copper’s malleability makes it easy to solder, and yet it’s strong enough to create the bonds and junctions needed in electrical wiring and plumbing.
Copper tubing has a number of applications and can be found in water pipes, refrigeration lines, heat pumps and HVAC systems. And don’t forget the copper wiring for moving electricity throughout the house and linking to telecommunications and cable networks. Home appliances also contain copper tubing and electrical wires.
Copper’s supreme electrical conductivity properties and abundance as a raw material make it the most efficient and cost-effective metal for electronic products. The red metal is found in the form of electrical wiring and printed circuit boards in the vast majority of today’s consumer electronic products — from cell phones, laptops and TVs to surveillance systems, power tools and robotic vacuum cleaners.
According to Live Science, many new products that use copper are in the research and development stages, including “soft” electronic tools such as electronic paper and wearable biosensors.
The use of copper is also highly prevalent in the transportation sector, including in the fabrication of ships, railways, planes and automobiles.
Copper alloys are standard materials in shipbuilding, from bolts and rivets to propellers and condenser pipes. In the railway industry, the metal is used to manufacture many train parts, including motors, brakes and controls, and can also be found in electric and signal systems. Planes need copper for cooling, hydraulics and navigation, plus electrical systems. In the auto industry, copper is an essential component in brakes, bearings, connectors, motors, radiators and wiring. One conventional vehicle alone can contain as much as 50 pounds of copper.
The growing prevalence of electric vehicles (EVs) is another huge market for copper, as the technology relies heavily on the metal. In fact, each EV requires two to four times more copper than a conventional vehicle. EV charging stations also need large amounts of copper. As a result, analysts expect copper consumption from green energy sectors to grow five-fold by 2030 due to the rise of the EV market.
The industrial machinery and equipment used in many sectors, such as the petrochemical industry, is itself made with copper. This machinery and equipment includes copper pipe systems, electrical motors, evaporators, condensers, heat exchangers, valves and containers for holding corrosive mediums.
Corrosion-resistant copper alloys are critical materials in the fabrication of undersea installations, such as desalination machinery and offshore oil and gas drilling platforms.
As with the EV industry, copper’s cleantech metal status also stems from its use as a raw material to manufacture windmill turbines and solar energy systems.
Although not as sizeable a market as the above-mentioned sectors, the medical field is another industry that relies on copper. This is due in large part to copper’s antimicrobial properties. Research has shown that bacteria, viruses and yeasts cannot survive for long on a copper surface, as the metal interferes with the electrical charge found in microbial cell membranes. The US Environmental Protection Agency has said a copper surface can kill 99.9 percent of bacteria that lands on it within two hours.
To stop the spread of hospital-acquired infections, plastic and other metals are being replaced with copper or copper alloys on frequently touched surfaces, such as countertops, doorknobs, handrails, bedrails, call buttons, chairs and even pens. As per the journal Infection Control & Hospital Epidemiology, replacing hospital surfaces with antimicrobial copper fixtures could reduce the number of hospital-acquired infections by at least 58 percent.
This is an updated version of an article first published by the Investing news Network in 2021.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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