The copper crisis: Overcapacity in China and underinvestment in America
By Mick Mulvaney
March 24, 2026 6:00 am
In his second term, President Donald Trump’s reembrace of an old American axiom, “industrial capacity equals strategic power,” has secured over $5 trillion in reshored investment commitments from over 100 major companies. Some of it is new tech: Apple is reshoring iPhone supply chains and Silicon Valley is building new data centers all around the country. Some of it is “old”: the Big Three automakers are all increasing domestic production.
There is a consistent thread running through those somewhat disparate industries: copper. As the essential metal for electrification — it’s in power grids, semiconductors, telecommunications equipment, advanced weapons systems, and next-generation vehicles — copper powers both our industrial present and our industrial future. A nation that cannot independently produce, refine, and process enough copper is a nation that risks ceding industrial capacity, technology dominance, and national destiny.
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READ MORE: https://www.washingtonexaminer.com/op-eds/4500816/copper-crisis-china-overcapacity-us-underinvestment/
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“industrial capacity equals strategic power,”
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... A nation that cannot independently produce, refine, and process enough copper is a nation that risks ceding industrial capacity, technology dominance, and national destiny.
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