Friday, May 2, 2025

Mining Our Own Business

  Rare earth elements are vital for modern technology and national defense. China currently restricts exports of these materials to the U. S. , creating challenges for American access and production.

1. Dependence on China: The U. S. relies on China for 70% of its rare earth imports, and these elements are essential for electronics, renewable energy, and defense technologies.

2. Mining Challenges: The U. S. has the capability to mine its own rare earths, but environmental regulations have hindered significant mining projects, such as the Pebble Mine in Alaska.

3. Environmental Opposition: Efforts to mine rare earths in the U. S. face opposition from environmentalists, resulting in projects being shut down or delayed. Despite the importance of these materials, regulatory policies often prevent domestic mining.

4. Domestic Reserves: The U. S. has substantial reserves of rare earths, but inefficient regulatory frameworks make it difficult to mine them profitably. The country was once the largest producer but now ranks seventh globally.

5. Global Demand: America has enough resources to fulfill its needs for rare earths but continues to import due to environmental restrictions. The U. S. should focus on ramping up domestic mining to reduce reliance on foreign sources.

To enhance mining independence, the U. S. must address irrational regulatory and permitting policies. There is an urgent need for proactive measures to harness its mineral wealth, ensuring secure access to rare earth elements. The commentary stresses that it is "past time to mine," advocating for renewed domestic mining efforts.

https://issuesinsights.com/2025/05/02/mining-our-own-business/

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