It is time to recognize that the United States will benefit economically and politically by ending our reliance on imports of strategically important minerals needed for weapons systems and an array of high-tech consumer products ranging from lithium-ion EV batteries to cellphones and flat-screen televisions. The political and economic costs of foreign minerals dependency are far too high, particularly in a period of intense trade competition with China, the world’s No. 1 supplier of minerals. Instead, we should strengthen our own domestic mining capability.
Meaningful legislation to address the problem is needed before the situation gets much worse. The real danger is not that the cost of minerals commodities could get out of hand (last year the U.S. spent more than $7 billion on imports of minerals and metals), but rather that U.S. mines that are essential to our nation’s well-being are closing.
