ANALYSIS/OPINION:
The recent threats by Beijing to cut off American access to critical mineral imports has many Americans wondering why our politicians have allowed the United States to become so overly-dependent on China for these valued resources in the first place.
Today, the United States is 90 percent dependent on China and Russia for many vital “rare earth minerals.”
The main reason for our over-reliance on nations like China for these minerals is not that we are running out of these resources here at home. The U.S. Mining Association estimates that we have at least $5 trillion of recoverable mineral resources.
The U.S. Geological Survey reports that we still have up to 86 percent or more of key mineral resources like copper and zinc remaining in the ground, waiting to be mined. These resources aren’t on environmentally sensitive lands, like national parks, but on the millions of acres of federal, state and private lands.
The mining isn’t happening because of extremely prohibitive environmental rules and a permitting process that can take 5-10 years to open a new mine. Green groups simply resist almost all new drilling.
For the complete article on Washington Times, click CRITICAL MINERALS