Without a federally supported market and strategic reserve stockpile, the United States will remain reliant on China for critical minerals and rare earth refining, experts told a House panel during two-plus hours of testimony on June 24 that exposed how vulnerable the global economy and the nation’s defense is to the whims of the Chinese Communist Party.
Even with swift deregulation, permitting reform, and rapid recycling ramp-up, they warned, it will take years of government support to untether domestic manufacturing from a supply chain China has strategically built for decades.
“Over the years it’s taken for us to do nothing, the Chinese have dominated. They and their government have been extremely supportive of their ability to create world dominance in this, and it was part of a strategy,” U.S. Critical Materials Executive Director Harvey Kaye said during the hearing before the House Small Business Committee….