Using American Rare Minerals is Good for Our Economy and Security
Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on House passage of H.R. 1937, the National Strategic and Critical Minerals Production Act of 2015:
“Strategic rare minerals are used in cell phones, computers, cars, defense materials, and more, but as recently as 2010, China controlled 95 percent of the production of these precious minerals. Though the Chinese share in world production has dropped slightly in recent years, it still commands much of the market, making American developers and manufacturers almost completely reliant on foreign sources.
“But that’s not because such minerals only exist outside of U.S. borders. Rather, the Federal government acts as an obstacle to domestic mining, stopping American producers from answering America’s demand. Today’s bill streamlines the permitting process for mining projects and requires the relevant federal departments to develop sources of these materials here at home. Using America’s resources to the fullest is good for American jobs, our economy, and our national security.”