January 06, 2023
2022 was another significant year for minerals mining and set the...
The Department of Defense (DoD) recently released the Strategic and Critical Materials 2013 Report on Stockpile Requirements. The 189-page report assesses potential risks our nation faces regarding access to strategic and critical non-fuel materials.According to the report, the United States insufficient supplies of approximately a third—23 of the 76—of the materials studied. Shortfalls of the 23 materials total roughly $1.3 billion and further represent an inability to meet essential civilian sector demands.
The graph depicted below shows non-proprietary, at-risk mineral shortfalls.
The DoD suggests a combination of stockpiling, export reductions, substitution and extra U.S. buys to mitigate shortfalls. The report emphasizes the importance of U.S. minerals mining. To respond at a moment’s notice to threats from anywhere around the globe, we will need a steady supply chain to meet our mineral defense needs. We need our leaders to create policies that enable the United States to be more self-reliant and less dependent on foreign minerals.
Click here to view the report in its entirety.