Risk tool identified 23 mineral commodities whose supply poses the greatest risk, including those used in consumer electronics, renewable energy, aerospace, and defense applications.
Policymakers and the U.S. manufacturing sector now have a powerful tool to help them identify which mineral commodities they rely on that are most at risk to supply disruptions, thanks to a new methodology by the U.S. Geological Survey and its partners.
“This methodology is an important part of how we’re meeting our goals in the President Trump’s Strategy to ensure a reliable supply of critical minerals,” said USGS director Jim Reilly. “It provides information supporting American manufacturers’ planning and sound supply-chain management decisions.”
The methodology evaluated the global supply of and U.S. demand for 52 mineral commodities for the years 2007 to 2016. It identified 23 mineral commodities, including some rare earth elements, cobalt, niobium and tungsten, as posing the greatest supply risk for the U.S. manufacturing sector. These commodities are vital for mobile devices, renewable energy, aerospace and defense applications, among others.
“Manufacturers of new and emerging technologies depend on mineral commodities that are currently sourced largely from other countries,” said USGS scientist Nedal Nassar, lead author of the methodology. “It’s important to understand which commodities pose the greatest risks for which industries within the manufacturing sector.”
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Image via United States Geological Survey
