rare-earth-oxidesjpgcropdisplay.jpg

Trump Signs Order to Boost US Production of Critical Minerals

Dec. 21, 2017
The president says the executive order "will prioritize reducing the nation’s vulnerability to disruptions in our supply of critical minerals safely and responsibility."

President Donald Trump signed an executive order to reduce dependency of critical minerals used in everything from batteries to phones.

“The comprehensive order aims to identify new sources of critical minerals, ensure miners and producers have access to the best data, and streamline the leasing and permitting process to expedite production, reprocessing and recycling of minerals at all levels of the supply chain,” according to a statement Wednesday from the White House.

The U.S. in 2016 was reliant on imports for 23 minerals including cobalt, lithium, graphite and rare-earth elements, according to a report released this week by the Department of the Interior. The U.S. was most reliant on China, which supplied the world’s biggest economy with at least 20 critical minerals, the report said.

The move could “open up new avenues of growth,” said Andrew Cosgrove, senior energy and mining analyst at Bloomberg Intelligence. Companies may be less inclined to “seek out properties in foreign countries.”

“This executive order will prioritize reducing the nation’s vulnerability to disruptions in our supply of critical minerals safely and responsibility for the benefit of the American people,” Trump said in the statement.

By Susanne Barton

Popular Sponsored Recommendations

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!