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Demand for U.S. Minerals on the Rise

Demand for U.S. Minerals on the Rise

Hibbing Daily Tribune (Daily)

Editorial Board

Nov. 15, 2014

*Also appeared on Mesabi Daily News

 

Minerals are vital to manufacturing products and technologies that propel the U.S. economy, fostering innovation and supporting U.S. industrial competitiveness. A growing global population, and development of new technologies and products that rely on greater combinations of minerals, have increased demand for raw materials.

 

Manufacturing leaders are increasingly concerned about U.S. minerals and metals supply, and believe sourcing within the United States will lead to U.S. job creation, increased national security and international competitiveness, according to a survey commissioned by the National Mining Association (NMA) of more than 400 senior executives in the industry.

 

While business leaders value domestic supply chains, the current duplicative and inefficient permitting process for new mines within the United States hinders this availability, according the survey. Currently, it can take seven to 10 years to establish a U.S. mine. Despite having one of the world’s largest mineral repositories, with reserves of more commodity minerals and metals than any other country, U.S. manufacturers are dependent on foreign sources for more than half of the raw materials they use.

 

U.S. manufacturing leaders agree that a more predictable and efficient permitting process will better feed the manufacturing supply chain and ultimately create a more sustainable and resilient U.S. economy.

 

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