U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), delivered remarks at a recent full committee hearing to discuss the scope and scale of critical mineral demand and recycling of critical minerals. Barrasso said the hearing was a chance to discuss the industries that are driving demand for critical minerals.
Barrasso said cutting China and Russia out of global mineral supply chains won’t be easy, as Russia’s state-run nickel company produces nearly 20 percent of the world’s high-grade, battery quality nickel supply, and China controls over 90 percent of the global rare earth element market, including refining and processing. Barrasso closed his remarks by saying that it is clearly time for us to get serious about expanding domestic mineral production.