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Arizona ranks ninth in the Fraser Institute's Annual Survey of Mining Companies 2024, hosting two-thirds of US copper production and critical minerals like lithium and rare earths. ASX-listed companies, including Buxton and Riedel, are advancing projects in the state, such as the Copper Wolf joint venture and the Kingman gold project.

Lodestar Minerals is exploring the Virgin Mountain rare earths project, while Ragusa has expanded the Purple Pansy manganese-gold project. The supportive state government and mining incentives are attracting investments.