February 13, 2024
The United States faces deep, ongoing vulnerabilities in its mine...
The recent threats by Beijing to cut off American access to critical mineral imports have many Americans wondering why our politicians have allowed the United States to become so overly dependent on China for these valued resources in the first place.
Today, the United States is 90% dependent on China and Russia for many vital “rare earth minerals.”
The main reason for our overreliance is not that we are running out of these resources here at home. The National Mining Association estimates that we have at least $5 trillion of recoverable mineral resources.