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New Jersey Mining Company Provides Second Quarter Results of Operations and Corporate Activities
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New Jersey Mining Co s Rare Earth Element Projects to Participate in the USGS Mineral Resources Program
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New Jersey Mining Company: New Jersey Mining Co s Rare Earth Element Projects to Participate in the USGS Mineral Resources Program
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making investments to ensure future power and energy needs are met by exploring improvements in silicon anode technologies to support lightweight battery prototype development.
Today, the Defense Department released the Strategic and Critical Materials 100-day Sector Review, as directed by Executive Order 14017. Secretary of Defense Lloyd J. Austin III released the following statement:
“Strategic and critical materials are vital to our national defense and economic prosperity, enabling the United States to develop and sustain emerging technologies. They also improve our warfighting capability, support family-sustaining jobs, and strengthen our alliances and partnerships. Though there is more work to be done, the Department of Defense remains committed to a whole-of-government approach to preserve our access to strategic and critical materials. This is important not only for our national defense, but to ensure our national economic well-being.”
Manganese is in high demand because of its applications in steel, batteries and electric vehicle production.
Strategic metals are no less important today than they were after World War II, when the US government famously started building its reserves of metals it called “strategic.” At the time, that decision marked a shift in policy to ensure the US would have access to critical metals should it be called to war to defend its allies.
American leadership saw how Germany practically starved Britain with submarine attacks on British and Allied shipping vessels. On the other hand, the US managed to break the back of the Japanese economy by sinking over 90 percent of the Japanese merchant fleet. Both of these events show how cutting a country’s supply lines (including critical metals) in times of war can devastate a war-time economy.