United states ranks next to last in development time for new mines that produce critical minerals for energy transition, s&p global finds

Development of a new u.s. mine—from discovery to production—takes nearly 29 years, on average new york , july 18, 2024 /prnewswire/ -- the united states has the second longest lead times in the world for developing a new mine for the critical minerals that are vital to the energy transition, according to new report by s&p global.* the report, mine development times: the u.s. in perspective found that it takes an average of 29 years for such mines to go from discovery to production in the united states, longer than any other country except zambia (34 years).
SPGI Ratings Summary
SPGI Quant Ranking