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Research Outline
Prepared for Andrea S. | Delivered March 5, 2020
Mineral Mining and Mineral Processing
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Goals
To identify recent industry trends in mineral mining and mineral processing particularly around:
1. Critical mineral resiliency in the U.S.
2. U.S. mine permitting obstacles.
3. U.S. domestic mineral processing challenges.
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Early Findings
Critical Minerals Resiliency
Various leaders have expressed concerns about the U.S.
reliance on imports
of critical minerals.
There is the potential for disrupting supply chains which rely on critical minerals for various uses such as
electronics and defense applications.
A list of
35
minerals considered critical to the U.S. security and economy was published in 2019.
It consists of all the
rare earth elements
along with many non-ferrous metals.
The U.S. is
100%
reliant on importing 14 minerals among the critical minerals list (except from the small amount that is recycled).
These minerals are
difficult to substitute.
Additionally, the country is over
75%
reliant on other
10
critical minerals.
The existing
objective
of U.S. mineral policy is to ensure a stable, adequate, and reliable supply of materials for national safety, economic productivity, and industrial well-being.
The
mineral policy
pushes for the development of a domestic supply of critical minerals and emphasizes that the private sector processes and produces these minerals.
According to the
Department of Commerce
, the U.S. is heavily dependent on imports of critical minerals.
Congress and other decision-making bodies have many
administrative and legislative options
to consider when addressing the U.S. vulnerabilities in relation to critical minerals.
The
economic success and national security
of the U.S. is highly dependent on the guaranteed supply of critical minerals and their supply chains' resiliency.
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