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Wednesday, November 24, 2021 4:11:14 PM
8:50 am ET November 23, 2021 (PR Newswire) Print
Last week, US President Joe Biden unveiled one of the largest infrastructure plans in U.S. history. The bipartisan approval targets up to $1.2 trillion in funding, including $550 billion in new investments for bridges, airports, the nation's waterways and policies, transit, and more. Much of the bill targets electrification for infrastructure, buildings, and fleets of government vehicles. In addition to financing renewable energy, the infrastructure bill also provides $7.5 billion for electrification of public transport and an additional $7.5 billion for charging stations for electric vehicles (EVs), which is expected to drive demand for industrial metals and battery materials like copper, lithium, cobalt, nickel, and more. Companies mining these metals and materials like Wheaton Precious Metals (TSX:WPM) (NYSE:WPM), Hudbay Minerals (NYSE:HBM), Taseko Mines Ltd. (TSX:TKO) (NYSE:TGB), Copper Mountain Mining (TSX:CMMC), and Kutcho Copper (TSXV:KC) (OTCQX:KCCFF) could be on the precipice of a mining boom due to this bill.
Recent WPM News
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- DIVIDEND DECLARATION - Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (Canada) • 08/07/2024 09:01:00 PM
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- Wheaton Precious Metals Announces Second Quarter 2024 Results and Record Operating Cash Flow for the First Half of 2024 • PR Newswire (Canada) • 08/07/2024 09:00:00 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 02:59:38 PM
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- Wheaton Precious Metals Announces Quarterly Dividend • PR Newswire (US) • 05/09/2024 09:01:00 PM
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- Wheaton Precious Metals Announces First Quarter 2024 Results • PR Newswire (Canada) • 05/09/2024 09:00:00 PM
- Wheaton Precious Metals to Release 2024 First Quarter Results on May 9, 2024 • PR Newswire (Canada) • 04/08/2024 09:00:00 PM
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