NMA: Biden Administration Recognizes that Supply Chain Security Starts with Minerals Security
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The National Mining Association (NMA) applauded President Joe Biden’s Executive Order on America’s Supply Chains, which the President will signed yesterday and reportedly contains directives that are specific to our domestic minerals supply chains and recognize the key role that minerals play in securing the availability of critical and essential goods and materials.
“We can’t import our way to economic and national security; we have to establish that security literally from the ground up by using American-mined materials produced by American workers under world-leading environmental standards,” said Rich Nolan, NMA president and CEO.
“The President clearly recognizes the threat and is acting to protect against the exposure that exists in our energy, national security, manufacturing and medical supply chains given our overreliance on imports for the building blocks of these key industries,” added Nolan.
According to the USGS’ Mineral Commodity Summaries 2021, U.S. import dependence for key mineral commodities has doubled over the past two decades with the U.S. now 100 percent import-reliant for 17 key minerals and more than 50 percent import-reliant for an additional 29 key mineral commodities. That import reliance exists despite the fact that we have significant mineral deposits of some of these commodities within our borders. U.S. mineral import reliance continues to increase just as mineral demand from essential industries — such as energy and transportation — is expected to soar. The World Bank sees mineral demand for advanced energy technologies jumping 500 percent by midcentury.
About National Mining Association
The National Mining Association (NMA) is U.S. mining’s advocate in Washington, D.C. and beyond. NMA is the only national trade organization that represents the interests of mining before Congress, the administration, federal agencies, the judiciary and the media — providing a clear voice for U.S. mining. NMA’s mission is to build support for public policies that will help America fully and responsibly utilize its coal and mineral resources.
Headquartered in Washington, D.C., NMA has a membership of more than 250 corporations and organizations involved in various aspects of mining. NMA provides a forum for these diverse industry segments to be informed, heard and represented.
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