Congress and Pentagon Seek to Shore Up Strategic Mineral Stockpile Dominated by China

DefenseNews Congress Pentagon Seek ShoreUp Strategic Mineral Stockpile

Congress has repeatedly authorized multimillion-dollar sell-offs of the U.S. strategic minerals stockpile over the past several decades, but Washington’s increased anxiety over Chinese domination of resources critical to the defense industrial base has prompted lawmakers to reverse course and shore up the reserve.

The House Armed Services Committee will seek to bolster the National Defense Stockpile of rare earth minerals in the fiscal 2023 defense authorization bill, Defense News has learned. And earlier this week, the Defense Department submitted its own legislative proposal to Congress asking the committee to authorize $253.5 million in that legislation to procure additional minerals for the stockpile.

More News & Insights

Hondo Podcast Defense Aerospace Report Img

Hondo Geurts on the Defense & Aerospace Daily Podcast

BENS Distinguished Fellow James “Hondo” Geurts visited the Defense & Aerospace Daily Podcast to discuss his op-ed co-authored with General Joseph Votel: Forging the Industrial Network the Nation Needs. Listen…

1Independence Day 2022 LinkedIn

Happy Independence Day from BENS

On this most American of holidays, we celebrate the birth of the greatest country on earth. The Declaration of Independence was an audacious statement in 1776, issued and adopted by…

NationalInterest Forging Industrial Network Nation Needs

Forging the Industrial Network the Nation Needs

Op-ed by General Joseph Votel and James Hondo Geurts The National Interest The might of the U.S. industrial base over the last eighty years has served the country well. The…

Receive BENS news and insights in your inbox.