U.S. Lags in Mine Development; Senate Takes on Permitting Reform
November 08, 2024
S&P Global found that, on average, it takes 29 years for a U....
Over the past two decades, our import reliance for key mineral commodities has doubled – which means our industries are left vulnerable to unstable supply chains. Minerals and metals are used in the manufacture of products in almost every industry.
For example, 20 percent of goods manufactured today require platinum group metals. In addition, the U.S. Department of Defense uses 750,000 tons of minerals like beryllium and copper each year to make the gear and technology that keeps our troops safe.
A streamlined mine permitting process would support economic growth across the U.S. It would provide our industries with vital resources and ensure our military has minerals and metals necessary to serve our nation. It’s time to reverse this trend and ensure a strong and secure supply of domestic mineral commodities.
To learn more about how our import reliance impacts our nation’s stability, see our latest infographic.