Cornish tin min could reopen with Trump administration investment

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The South Crofty tin mine in Cornwall, UK, which closed in 1998, may reopen with a potential $225 million investment from the US. Cornish Metals, the mine's owner, received a letter of funding interest from the US export credit agency due to the US considering tin a critical mineral used in electronics, electric vehicles, and solar panels. The investment is contingent on the mine supplying tin to the US, aiming to reduce reliance on China, Myanmar, and Indonesia, which currently dominate tin production. The project could create 300 jobs and received prior UK government investment. This development aligns with broader US efforts to secure critical mineral supplies, including recent agreements with the EU and Japan to diversify sources and reduce dependence on China.
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