America wins the AI and technology race when we invest strategically in the critical minerals that power everything from cell phones to cars to sensitive defense systems. Right now, China controls sixty percent of the global supply of critical minerals and ninety percent of the processing capacity. Secretary of State Marco Rubio laid out the path to regaining our edge at the first-ever U.S. Critical Minerals Summit, when he called for “creating reliable supply chains that are vital…to technological innovation, economic strength, and also national security.” By drawing on the full range of U.S. civilian tools, including diplomatic and development resources, global partnerships like the Department of State’s Pax Silica, and loan guarantees like the Export-Import Bank’s strategic stockpile, Project Vault, American leadership on critical minerals can foster partnerships that promote mutual prosperity while protecting against economic coercion.
Leading the way on critical minerals will: