The end of Oil Geopolitical Dominance will be replaces by a new political mantra: importance of critical and earth-rare minerals as strategic commodities.
On the 20th December 2017, WH current administration has been issued the Executive Order 13817: “A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals”. Pursuant to the Executive Order 13817, the DOI released a list of 35 minerals the USGS identified as critical minerals. This list will be reevaluated every 2 years and publish by USGS - United States Geological Survey, which is part of the DOI - Department Of Interne.
Under the Executive Order 13817, a “critical mineral” is a mineral identified to be a non-fuel mineral or mineral material essential to the economic and national security of the United States, the supply chain of which is vulnerable to disruption, and that serves an essential function in the manufacturing of a product, the absence of which would have significant consequences for the economy or national security.
DOI found and identified 35 minerals as critical and subsequent they finalized and published the final version of the list on 18th May 2018. The major conclusions of this study are: for 31 of these 35 minerals the U.S. is more than 50% import-reliant and for 14 of the 35 minerals the U.S. is 100% important-reliant.
The United States is 100% import reliant on 14 minerals on the critical minerals list (aside from a small amount of recycling). These minerals are difficult to substitute inputs into the U.S. economy and national security applications; they include graphite, manganese, niobium, rare earths, and tantalum, among others.
The United States is more than 75% import reliant on an additional 10 critical minerals: antimony, barite, bauxite, bismuth, potash, rhenium, tellurium, tin, titanium concentrate, and uranium.
China and Canada are the two leading countries that the U.S. is import-reliant upon.
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