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Re-Shore Rare Earths to Keep America Strong
U.S. Senator Marco Rubio (R-FL)
April 13, 2022
Inside Sources
A country incapable of providing for itself isn’t much of a great power. To ensure America stays strong for generations to come, we need to bring production of goods essential to our national security back home. That starts with re-shoring rare earth manufacturing….
In the 21st-century economy, rare earth minerals are crucial for powering advanced electronics. They form essential components of everything from batteries and household computers to wind turbines and military weapon systems. Without them, our modern way of life and capacity for self-defense would be crippled.
North America contains a considerable quantity of unprocessed rare earth minerals. However, the vast majority of rare earth manufacturing occurs in China…. [I]f China cut us off from rare earth products — which Beijing has restricted in the past and could easily do again — the effects would be catastrophic. That’s why I have introduced legislation to bring rare earth manufacturing back to America….
I hope my colleagues in the Senate will join me in passing this piece of legislation, which is vital to keeping our country safe. However, we can’t stop with rare earth metals. There are other industries equally essential to our national and economic security that need re-shoring. In the coming months, it is critical that we begin rebuilding our capacity to produce pharmaceuticals, semiconductors, and more.
This is the kind of targeted industrial policy America needs to maintain its status as a great power. The threats we face from our adversaries, especially China, are wide-ranging and immense. We will need a whole-of-society effort to ensure the 21st century is another American century….
Read the rest here.