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Doug Burgum: «Ukraine, Greenland, our allies around the globe, and right here at residence, with our unimaginable quantity of federal lands, and our huge monetary stability. These are all areas the place we should be extra strategic in searching for crucial minerals, as a result of they’re important for protection and know-how.
President Trump is as soon as once more utterly heading in the right direction. Whereas he tries to convey peace to the world, he additionally fights for Americans, making certain that we’ve got entry to the sources that assist us stay the strongest financial energy on the planet.
China has been very deliberate and efficient in blocking different international locations. After we begin creating minerals right here at residence, they flood the market, decrease costs, and damage U.S. corporations.
Whether or not by crucial minerals, a strategic reserve, or a sovereign fund, this administration is contemplating a number of concepts. We have to return to mining trade in the US.»
Mining in the US is essential for making certain entry to crucial minerals which might be important for each the economic system and protection and know-how. Mineral sources play a key function within the improvement of crucial industries, from the manufacturing of digital units to the manufacturing of superior navy tools. With out these minerals, the nation wouldn’t have the ability to keep its technological management or protection capabilities. Moreover, minerals are very important for the vitality transition, as they’re wanted for the manufacturing of batteries and renewable vitality methods.
On this context, home mining is seen as a strategic resolution to scale back dependence on overseas sources, particularly in an surroundings the place international locations like China have adopted deliberate insurance policies to dam entry to those sources. China has used its management over international mineral provide chains to affect costs and the competitiveness of U.S. corporations. Due to this fact, rising mineral manufacturing inside the US not solely ensures entry to those very important sources but additionally protects U.S. corporations from unfair commerce practices.
Moreover, mining contributes to nationwide safety, as many of those minerals are essential for the manufacturing of protection applied sciences, resembling communication methods, vitality methods, and navy automobiles. If the US needs to stay the world’s strongest financial energy, it should safe a relentless and dependable supply of those important minerals. To realize this, it’s essential to reinvest within the native mining trade, with insurance policies that promote the sustainable exploration and extraction of those sources, thus making certain long-term financial competitiveness and nationwide safety.
