Eighty percent further indicate the ability to source U.S. minerals and metals is important to their company.
Washington, D.C. – The National Mining Association (NMA) today released the findings of a survey of senior executives from manufacturing industries highlighting the important role of domestic minerals and metals to manufacturing supply chains. Conducted by Edelman Berland, the survey found that a large majority of respondents are concerned they would not be able to obtain the minerals they need when they need them.
The growing global population and development of new technologies and products that rely on greater combinations of minerals have increased the manufacturing industry’s demand for raw materials.
Of the large percentage of respondents who noted minerals and metals supply as a top concern for their organizations, 91 percent expressed worries about minerals and supply chain disruptions outside of their control, citing geopolitics and increasing global demand as the most pressing factors. In other findings, 80 percent of respondents said it is important to their company to source minerals and metals domestically, with the most important reasons for doing so being job creation, national security and international competitiveness.
“These results confirm the need to realize the United States’ potential to provide more of the materials to sustain our manufacturing renaissance,” NMA President and CEO Hal Quinn said. “However, an inefficient permitting process for starting or expanding mines denies our manufacturing sector a stable supply chain of the minerals they need.”
Currently, the process to establish a new mine within the United States takes seven to 10 years. Seventy-six percent of manufacturing executives believe the existing permitting process is unacceptable, and 95 percent believe it to be a serious threat to U.S. competitiveness. Approximately 90 percent support streamlining the process to less than three years.
In light of these survey results, NMA will continue to seek public policies that provide a more predictable and efficient permitting process to feed the manufacturing supply chain. The House recently passed “The Strategic and Critical Minerals Production Act” for the third time, and NMA urges the Senate to take up similar legislation to bolster domestic manufacturing industries.
The survey included more than 400 senior executives in the manufacturing industry or industries impacted heavily by manufacturing. Respondents were screened to ensure they had a role in minerals and metals procurement for their company. The study has a margin of error of +/-4.9 percentage points. For more information, visit www.MineralsMakeLife.org.
For an overview of the Edelman-Berland study, click here.