The defense industrial base relies on basic materials like critical minerals and rare earth elements. The problem is many of these materials come from China and, to a lesser extent, Russia.
- There has been a “drastic reduction” in the National Defense Stockpile, a federally owned stockpile of these minerals, since 1952, said Defense News Congress Reporter Bryant Harris.
- He said Congress has authorized many sell-offs of the stockpile over the years to help fund other programs but is realizing that was a bad idea.
- Congress is looking at allocating more money for the stockpile and establishing more regular appropriations to bolster it, Harris said.
Watch the full interview for more:
SEE ALSO | Reducing reliance on China for rare earth minerals