$PLM 🧐 fool.com/investing/2020/06/... Despite the delays to date, a combination of factors suggests the NorthMet mine is likely to enter commercial operations eventually. The asset has access to existing infrastructure including rail lines, roads, and utilities. It will create over 300 permanent jobs at nameplate capacity. And, perhaps most important, the asset has significant geopolitical value. The NorthMet mine could become one of the largest copper, nickel, and cobalt mines in North America. Given the strategic importance of those metals in clean energy technologies including wind turbines, fuel cells, and lithium-ion battery chemistries, and the fact the United States has limited production capacity of such resources today, the nation would benefit immensely from a NorthMet mine operating at full capacity.
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