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January 31, 2024 - The USGS today released its annual Mineral Commodity Summaries report, which found the U.S. is reliant on imports for more than one-half of the U.S. apparent consumption for 49 nonfuel mineral commodities and 100 percent import dependent for 15 of them. Despite all the discussion of reducing U.S. import dependence on China, China continues to be the top supplier of the minerals our economy needs, including for those needed by our energy, manufacturing, technology, transportation, infrastructure and defense sectors. “Our mineral import dependence continues to be a gaping hole in our economic and national security and we’re clearly not moving fast enough to course correct,” said Rich Nolan, President and CEO of the National Mining Association (NMA). “From electrification and grid transmission buildout to infrastructure and transportation needs, mineral demands are going vertical while mine approvals are at a standstill and unnecessary land withdrawals are taking mineral access in the wrong direction. Despite a great deal of rhetoric around supply chain security, China continues to be our top source of the minerals needed by our economy and these numbers show very little movement to get us back on competitive and secure footing.” Key points from the USGS Mineral Commodity Summaries:
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