Sunday , 3 July 2022

50 Minerals Critical to U.S. Economic and National Security

The U.S. aims to cut its greenhouse gas emissions in half by 2030 as part of its commitment to tackling climate change, but  local production of the raw materials necessary to produce these technologies, including solar panels, wind turbines, and electric vehicles, is lacking. Understandably, this has raised concerns in Washington. Today’s infographic, based on data from the U.S. Geological Survey, lists all of the minerals that the government has deemed critical to both the economic and national security of the United States.

This version of the original article by Bruno Venditti (visualcapitalist.com) has been edited [ ] and abridged (…) to provide you with a faster and easier read. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

What are Critical Minerals?

.#$$4$A critical mineral is defined as a non-fuel material considered vital for the economic well-being of the world’s major and emerging economies, whose supply may be at risk. This can be due to geological scarcity, geopolitical issues, trade policy, or other factors…

What is the Challenge for the U.S.?

The challenge for the U.S. is that the local production of these raw materials is extremely limited. For instance, in 2021 there was only one operating nickel mine in the country…(scheduled to close in 2025)…and only one lithium mine…[As a result,] the country’s supply of critical minerals depends on countries that have historically competed with America.

China’s Dominance in Minerals

Perhaps unsurprisingly, China is the single largest supply source of mineral commodities for the United States…[and] refines nearly 90% of the world’s rare earths…After China, the next largest source of mineral commodities to the United States has been Canada, which provided the United States with 16 different elements in 2021.

The 50 Minerals Critical to U.S. Security

The-Minerals-Critical-to-U.S.-Security

The Rising Demand for Critical Minerals

As the world’s clean energy transitions gather pace, demand . According to the International Energy Association, the rise of low-carbon power generation is projected to triple mineral demand for critical minerals…by 2040 for critical minerals.

Conclusion

The shift to a sustainable economy is important, and consequently, securing the critical minerals necessary for it is just as vital.

Dear Reader: Your participation below would be appreciated: 

1. Sponsor An Article For $10 and Receive a 258-page Book As A Thank You

Become a sponsor of an article on munKNEE.com for $10 by making a donation which will be acknowledged with a “Hat Tip” and the 258-page e-book entitled WEALTH IF YOU WANT IT as a thank you.

I would appreciate it – immensely – if you would show your appreciation of my efforts with a donation so I will have the enthusiasm to continue doing so.

3. #$$4$ Symbol Decoded

You will notice that the symbols #$$4$, #$, #$$, #$$$ and #$$$$ are appearing in all the recent articles posted on munKNEE.com as hyperlinks. They are not being clicked on that often, however, so this article shows what would have been accessed had that been done.

munKNEE.com has joined the eResearch.com family of sites (which also includes bitgrum.com and usfinancepost.com) to provide you with informative articles on the economy, personal finance and investing in stocks and physical gold and silver.

Check out eResearch. If you like what you see then…