Today, there is no question that manufacturing in the United States is making a comeback.
But one overlooked—and at risk—driver of this resurgence is the availability and stability of domestic mineral resources. Mined mineral resources are raw materials that support nearly every sector within the manufacturing industry, from the automotive to construction to defense and high-technology. Each sector is intrinsically dependent on minerals and by extension, the mining sector.
In a newly released study by the National Mining Association, U.S. Mines to Market, SNL Metals & Mining (SNL) looks at U.S. mined commodities’ domestic supply chains and the contribution of U.S. minerals to the manufacturing sector, identifying the risks faced by high-tech, energy, medical, national defense and automotive industries. Most notably, the study points out that mismatch exists between the domestic mineral supply and demand because of an inefficient permitting system that can delay the development of new mines by a decade or more.
The nature of manufacturing is that we rely on raw materials to create products. Often times the raw materials we need are not produced in this country and these sources can become unreliable. The inability to have access to a reliable source of raw materials is an impediment and a threat to continued and sustained U.S. economic growth. For instance, many manufacturers report being concerned with a dire need for infrastructure investment and spending in the U.S. and believe that an unstable supply chain of raw materials is “impairing reliability and increasing the cost of goods movement.”
As the U.S. manufacturing sector continues to grow, the importance of a secure and reliable domestic raw material supply has never been clearer – and with it, the need for a more efficient permitting process for new mineral mines that supports the country’s manufacturing industries. If we allow U.S. mining to perform to its full potential, our nation can enjoy enormous growth and job-creation opportunities, support the domestic manufacturing revival and attract global investment dollars.
Learn more at MineralsMakeLife.org