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Baystreet.ca - Reliance on Foreign Critical Minerals Sparks National Emergency in US to Develop Domestic Supplies


Reliance on Foreign Critical Minerals Sparks National Emergency in US to Develop Domestic Supplies
VANCOUVER – USA News Group – Drastic times call for desperate measures, and that is why the recent Executive Order signed by the sitting US President is addressing a national emergency in the mining industry. A critical mineral gap is causing an alarming reliance on foreign adversaries in most cases China.
The production of a whopping 18 of the 35 minerals officially listed are dominated by China, and two more (cesium and rubidium) have their largest production from a Chinese-owned mine in Canada. Several mining companies are stepping up to aid in the domestic development of critical minerals supply chains in the US, including Ares Strategic Mining Inc. (TSXV:ARS) (OTC:ARSMF), Freeport-McMoran Inc. (NYSE:FCX), Albemarle Corporation (NYSE:ALB), Chart Industries, Inc. (NASDAQ:GTLS), and Materion Corporation (NYSE:MTRN). ....

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