Full Title: The State of Critical Minerals Report 2024
Author(s): Morgan Bazilian
Publisher(s): The Payne Institute for Public Policy at Colorado School of Mines
Publication Date: October 21, 2024
Full Text: Download Resource
Description (excerpt):
This year’s State of Critical Minerals report considers the state of the U.S. response to our country’s need to secure access to critical minerals. We examine what has been proposed legislatively and what more can be done, focusing on key activities to responsibly spur supply growth.
Several recent high profile efforts by academics, industry, and advocacy organizations have outlined the contours of greater U.S. self-reliance in mining and processing. There is broad understanding that creating such greater self-reliance and growth is a multi-pronged effort, encompassing government support, workforce development, community engagement, and technology innovation to enhance efficiency and reduce the environmental footprint/impact.
Further, critical minerals has been a focus of legislators. Critical mineral development was included in broader spending bills passed earlier in the Biden Administration, including the Bipartisan Infrastructure Law and the Inflation Reduction Act. In part, this fueled a ramp in fiscal support for mining activity. With approximately $9 billion authorized since the beginning of 2021, the federal government has announced just under $5 billion in support for specific projects, spread across mining and processing.