Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 111

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 111
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% of the world’s copper, highlighting its reliance on imports to meet domestic demand.

China plays a dominant
role in the processing of copper, controlling a significant portion of the global refining capacity. Although China holds only about
4% of the world’s copper reserves, it produces approximately 45% of the world’s refined copper. This processing capacity
is largely fueled by imports of raw copper from countries like Chile and Peru, which have established long-term supply agreements with
Chinese firms. The concentration of processing capabilities in China raises concerns for other nations, particularly the United States,
which seeks to diversify its copper supply chains to reduce vulnerability to geopolitical tensions and trade disruptions.

Copper is utilized in a
wide range of applications across various sectors. In the electrical industry, it is used for wiring and power transmission due to its
excellent conductivity. In construction, copper is employed in plumbing, roofing, and HVAC systems. The automotive industry also relies
on copper for EVs, where it is used in batteries and wiring harnesses. Furthermore, copper is critical in renewable energy technologies,
such as solar panels and wind turbines, where it facilitates efficient energy transfer. The demand for copper is expected to increase
significantly as the world moves towards electrification and sustainable energy solutions.

The importance of copper
to the U.S. economy is substantial, particularly as the country aims to enhance its technological capabilities and reduce dependence
on foreign sources. The Biden administration had set ambitious goals for clean energy and infrastructure development, which would require
a significant increase in copper supply. By 2035, the U.S. would need to double its annual copper supply to meet such targets. Additionally,
copper is classified as a critical mineral by the U.S. government, emphasizing its strategic importance for national security and economic
stability. Efforts are underway to bolster domestic copper production and processing capabilities, including investments in mining projects
and partnerships with Latin American countries to secure a stable supply.

In conclusion, copper is
a vital metal with significant reserves concentrated in Latin America, particularly in Chile and Peru. Its diverse applications across
various industries underscore its importance to the U.S. economy, especially in the context of the growing demand for clean energy technologies
and infrastructure development. Ensuring a stable supply chain and enhancing domestic production capabilities will be crucial for maintaining
the U.S.’s competitive edge in technology and manufacturing.

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Copper in Brazil

Brazil has significant
potential for copper production, with the country being the fourteenth-largest producer of