The Renewables MMI (Monthly Metals Index) remained largely flat, increasing by 1.86% in the latest month. However, the renewable energy sector faces potential challenges from a combination of tariffs and changing federal policies. The Trump administration has implemented policies to promote fossil fuel development, rolled back environmental regulations, and introduced tariffs on imported steel and aluminum, which could impact the cost of renewable energy projects.
In January 2025, President Trump signed an executive order declaring a national energy emergency, aiming to accelerate fossil fuel development and eliminate regulatory barriers. This move has been met with criticism, with some arguing it prioritizes fossil fuels over renewables and undermines environmental protections.
The administration has also imposed a 25% tariff on imported steel and aluminum, which has increased costs for industries that rely on these metals, including the renewable energy sector. Additionally, the revocation of pollution control rules has allowed older, high-emission coal-fired power plants to remain operational without costly upgrades, potentially harming public health.
High-stakes negotiations between the US and Ukraine have also had a ripple effect on the renewable energy sector. The two leaders met to discuss the potential deal that would allow the US to tap into Ukraine’s vast mineral reserves, which include rare earth elements and lithium. The talks, however, were unsuccessful, and the US temporarily suspended military aid to Ukraine.
The Renewable Energy sector now faces a complex and challenging environment, with a mix of government policies and global events shaping its future. The Metal Miner team expects the industry to continue to adapt to these changes and find ways to thrive in the face of adversity.