New research finds manufacturing execs concerned with access to U.S. mineral supply
NMA has just released a new survey of more than 400 senior level executives in the manufacturing industry. The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.
I want to share with you our infographic that provides an in-depth look into this survey. Additionally, I want to highlight some of the notable findings below:
- 80 percent of senior executives surveyed underscored the importance of sourcing minerals and metals from the United States.
- In 2013 alone, industries utilized minerals to add more than $2.4 trillion to the U.S. GDP.
- 84 percent of business leaders said they believe a strong domestic supply of critical minerals and metals will ensure job and economic growth in the United States.
- 95 percent of executives said they are concerned about the lag in U.S. permitting for new minerals mines compared to Canada, Australia and other similarly developed countries and noted that delays in the permitting process have a serious impact on U.S. competitiveness.
- 90 percent of business leaders in the manufacturing industry say they support streamlining the permitting process to less than three years and 89 percent say this can be done without sacrificing necessary environmental reviews.