1、USA MINING 2026USA MINING2026Mineral Sovereignty-Precious Metals-Energy Metals-Defense MetalsExploration-Technology-Services-Talent DevelopmentGBR SERIES3 WELCOME LETTERUSA MINING 2026Alfonso TejerinaDirector and General ManagerGLOBAL BUSINESS REPORTS“Where is the world heading today?”is currently a

2、 perplexing question,as we witness a period of political and socioeconomic fragmentation.While recent events have acted as a tailwind for certain commodities,they have also exposed how vulnerable global supply chains have become,particularly in mining,an industry that major powers once outsourced an

3、d are now actively seeking to bring back home through reshoring.In the second half of 2025,GBR started research for its fifth GBR Series covering the US mining industry at a defining moment,when trade tensions,tariffs,the reca-libration of globalization,executive orders,and increased government inve

4、stment in assets were taking place and shaping what the mining industry will look like in the years ahead.In this context,there is a new sense of confidence throughout the American mining industry:Projects involving copper,gold,uranium,lithium and rare earths are moving forward across the country at

5、 pace.However,companies are still navigating these political changes carefully,making investment decisions based on geology,fundamentals,technology and community trust instead of short-term polit-ical cycles.This edition,USA Mining 2026,shows how complex things have become and how the sector is now

6、more political and strategically important than it has been in de-cades.At the same time,this years edition marks the first time GBR has covered the American mining industry from coast to coast.While most hard-rock mines and key minerals are extracted in the West,there are critical projects across t