Oversight Hearing on "Now Ore Never: The Importance of Domestic Mining for U.S. National Security"
2025-02-06
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Summary
This congressional hearing focused on the urgent need to secure domestic critical mineral supply chains to protect U.S. national security and economic stability. Key participants emphasized that the United States imports over 50% of its critical minerals, with China controlling 60% of global production and 90% of processing. The hearing detailed how China manipulates global markets through export bans and price dumping, while highlighting long-standing permitting delays and regulatory overreach that extend mine development timelines to 29 years. Witnesses advocated for reform of outdated laws like the 1872 mining law, expanded royalty payments, improved permitting, and increased investment in domestic refining and recycling. The discussion underscored the importance of re-evaluating mineral lists, strengthening tribal consultation, and leveraging strategic partnerships to ensure U.S. competitiveness in a global mineral market dominated by China.
Participants
Transcript
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