US National Stockpile of Rare Earth Minerals Raises Concerns Among Experts
The US faces a critical shortage of rare earth minerals for national defense and industry, with unclear stockpile levels.
Rare earth minerals play a critical role in national defense and various industries, serving as essential components for an array of products, including but not limited to F-35 stealth fighters, night-vision goggles, internet fiber-optic cables, and MRI machines. These minerals are categorized as a subset of critical minerals vital for national security, and any disruption in their supply chain could have a substantial negative impact on the United States.
Lack of Transparency and Unclear Stockpile Levels
Despite their name, rare earth minerals are relatively abundant, making them more accessible. However, their large-scale mining and costly refining process make them a challenge to obtain. China currently dominates the global market for mining and refining these critical minerals, posing a potential issue for the US due to its dependency on China as well as the ongoing rivalry between the two countries.
In an effort to decrease reliance on Chinese rare earth minerals, the Biden administration has taken steps to reduce American imports from China and establish new partnerships with allied countries for mining operations. However, there are concerns about the lack of transparency regarding national stockpile levels, leading to uncertainties about the measures being taken to address American dependency on these critical minerals.
Insufficient Stockpile Levels and Congressional Oversight
Experts suspect that the national stockpile levels of rare earth minerals are significantly below the required amount, raising concerns about the lack of public availability of consumption data and stockpile quantities. It is crucial for Congress to dictate the necessary stockpile levels to ensure preparedness for potential conflicts, especially given the high consumption rates of these minerals by the Department of Defense.
The Department of Defense has highlighted the significance of rare earth minerals for various defense equipment and manufacturing processes. For instance, a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, emphasizing the critical role these minerals play in defense production.
Necessity Beyond Defense and Efforts to Enhance Supply Chain Resilience
Besides defense, other industries such as healthcare, petroleum, transportation, and consumer electronics also heavily rely on rare earth minerals. The Biden administration's focus on green energy further emphasizes the importance of these minerals. The Department of Defense aims to establish a sustainable supply chain for rare earth minerals, with efforts underway to increase domestic mining and processing operations to reduce dependency on Chinese imports.
Addressing Shortfalls and Building Resilient Supply Chains
While the National Defense Stockpile serves as a crucial buffer during emergencies, recent disruptions and adversarial actions have underscored the urgent need to enhance the capability, resilience, and environmentally friendly supply chains for critical minerals. Research has indicated shortfalls within defense stockpiles of critical minerals, emphasizing the need for proactive measures to build a robust and secure supply chain.
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