Biden win could be net positive for metals and mining, observers say

By Chip Somodevilla

Democratic presidential nominee Joe Biden may be against the further proliferation of fossil fuels, but observers have said a different part of the natural resource economy could get a lift if he bests President Donald Trump in the U.S. election in November: the metals and mining sector.

Trump ran for president in 2016 on a populist economic message that promised the return of a diminished U.S. industrial workforce, including the mining sector. While his government slashed environmental rules in the name of saving U.S. jobs, it was not a saving grace for the mining industry. U.S. coal mining jobs sunk to record lows, and the mining sector in general has hemorrhaged jobs since the start of the coronavirus pandemic. Meanwhile, Trump administration policy objectives that could fuel domestic demand for metals, such as an infrastructure program, have yet to manifest.

To read more:

Leave a Reply

Your email address will not be published. Required fields are marked *