top of page

Why Critical Minerals Matter

  • Jul 6
  • 1 min read

Critical minerals are the backbone of Americas industrial and manufacturing framework. These essential raw materials like titanium, zirconium, and other rare earth elements are key pillars of various American industries, supporting the nation’s economy, national security, and supply chain resilience.

 

Used across several sectors, critical minerals are necessary in the construction of electric vehicles, defense and aerospace systems, electronics, renewable energy technology, and medical devices. There is a finite supply of critical minerals and increasing levels of competition to secure them. Population growth, advancing technologies, and everyday systems like laptops and cellphones have caused demand for them to rise faster than ever before. As a result, it is ever more important that the U.S. secures its own supply to sustain long term economic strength and independence.

 

Supply chains remain concentrated overseas, and the U.S. is heavily dependent on imported critical minerals from foreign suppliers whose regions are prone to geopolitical instability or trade manipulation. According to the U.S. Geological Survey, approximately 70% of our rare earth elements are supplied by China.

 

Due to geopolitical tensions, export restrictions, and trade uncertainty, the U.S. is at risk of impacted industrial output, higher costs, weakened defense readiness, and slower technological deployment. Securing a domestic source of critical minerals is vital to protecting against these risks.

 

These materials are indispensable, and the high level of foreign reliance on them leaves the U.S. in a vulnerable position because of potential supply disruptions that would raise everyday costs and limit product availability. They are both a resource and a strategic security asset in the process of securing Americas economic resilience, national security, and long-term technological leadership.


 
 
 

Recent Posts

See All
What Are We Proposing?

Odyssey has submitted an unsolicited request asking the Bureau of Ocean Energy Management (BOEM), an agency within the U.S. Department of the Interior (DOI) to consider holding a lease sale that would

 
 
 

Comments


bottom of page