Lucas Introduces Legislation to Protect U.S. Mineral Supply Chains
The American Critical Minerals Exploration and Innovation Act aims to reduce America’s dependence on foreign sources of critical minerals by supporting responsible domestic mineral development. Minerals, with applications including healthcare, defense systems, and renewable energy technology, are essential to our modern way of life. China has dominated the critical minerals market for years, controlling the vast majority of the global supply.
Currently, 14 of the 35 critical minerals identified by the U.S.G.S. are imported to the U.S. at a rate of 100%. Ensuring a stable supply of critical minerals for electric car batteries, smartphones, healthcare equipment, and a range of other technologies and products, begins with encouraging responsible critical minerals development, production, and innovation here at home.
“Critical minerals power technologies ranging from cell phones to medical equipment to renewable energy storage. China holds an overwhelming advantage in access to critical minerals and the COVID-19 pandemic has made it dangerously clear that we can’t take our supply for granted. We need to be forward-thinking about how we develop our resources and manage our access to critical minerals. I’m proud to join my colleagues on this bill which not only helps secure our supply of critical minerals, but also accelerates research into critical minerals development and technologies” said Congressman Frank Lucas (OK-03).
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from MuskogeePolitico.com
