341. Five Key Decisions to Revitalize US Critical Mineral Stockpiles
- Author:
- Tom Moerenhout, Cina Vazir, and Irina Patrahau
- Publication Date:
- 07-2025
- Content Type:
- Special Report
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- The United States is at a pivotal moment to modernize its approach to critical mineral stockpiling. Minerals are increasingly central to American strategic interests, yet the US remains heavily reliant on foreign suppliers, particularly China, for processed materials. This dependency exposes the US to major vulnerabilities in national, economic, and climate security. The National Defense Stockpile (NDS) can be a key policy lever to reduce these vulnerabilities. At present, however, the NDS is underfunded, covering only a fraction of projected needs in a national emergency. It also may not be realizing its potential to address underlying market failures that threaten US economic interests in addition to its historical defense role. This report, part of the Critical Materials Initiative at the Center on Global Energy Policy at Columbia University SIPA, finds that an economic stockpile with market-shaping quantities of material may cost more than six times the amount of a defense-oriented stockpile. It is therefore important to integrate stockpiling choices into the wider array of policy options, analyzing whether a stockpile is the most efficient tool to address the specific market failure at hand for each material and transaction. The report outlines five foundational choices if a stockpiling strategy is adopted, as bipartisan support suggests is possible, and offers related recommendations for US policymakers designing such a system.
- Topic:
- Energy Policy, Science and Technology, Innovation, Critical Minerals, and Stockpiling
- Political Geography:
- North America and United States of America