’s mineral strength is matched only by our weakness. U.S. mineral import reliance has been building for decades and has hit an all-time high.
The Biden administration and Congress recognize the minerals challenge. They want to decrease our dependence on imports andDespite some important steps in the right direction — targeted permitting reform in the debt ceiling deal, energetic industrial policy in the bipartisan infrastructure law, and invoking the Defense Production Act — the minerals Manhattan Project we need hasn’t materialized.
But we’ve fallen far behind because of policy missteps and an adversarial approach to an industry that is the very cornerstone of our industrial base.