The U.S. is largely dependent on foreign sources for the critical minerals that will power a clean energy transition. The Inflation Act helps. But it’s going to take a while to be even moderately self-sufficient.
America’s dependence on China for rare earth supplies is one of the most serious issues for the U.S. supply chain. Rare earths are critical minerals with uses in military equipment such as fighter jets. On the civilian side, rare earths are required for the motors in electric vehicles, a market that is destined to be…
The House Armed Services Committee passed its version of the National Defense Authorization Act this week, with many amendments taking swipes at China reliance.
Another positive in the Senate’s recently passed $550 billion infrastructure bill: finding, and producing, more of the minerals that will power a post-fossil fuel economy. If not done fast, the U.S. will be wholly dependent on foreign sources of energy materials.
Recent shortages an example of America’s over-bearing dependence on Chinese supply chains. The time is now to take action to reverses this decades-long headwind to U.S. manufacturing and its labor force.