On the recordJuly 11, 2023
Mr. President, more is happening with minerals around the world than ever before. We are seeing global demand driven by growth and technology, legislation and regulation. Everything is just skyrocketing. Yet the global supply is often tenuous. Really, it is very thoroughly dominated by China, and there are clear warning signs that we here in the United States urgently need to reduce our foreign dependence by rebuilding our domestic supply chains. As we stand here today, our Nation's lack of mineral security is a glaring vulnerability. It is a threat to our security. It is a threat to our competitiveness. It is a threat to our geopolitical power and our ability to lead on industries of the future. The obvious solution is to do a lot more in this space, which makes sense, but it starts with mining, and until we have achieved stable, affordable supplies of as many minerals as possible here at home, that vulnerability will continue. We have begun to put a framework in place to do that. We did this through the legislation that I had introduced, the American Mineral and Security Act. We also did some with the bipartisan infrastructure law and with the provisions that Chairman Manchin added to the Inflation Reduction Act. These are a good start, but there is no shortage of minerals where meaningful action is still needed. So we could talk about copper--the ``metal of electrification'' as my friend Dr.…
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