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The US military is almost entirely dependent upon China and Russia for a metal used in many military applications, such as explosives and armor-piercing bullets. The metal is antimony, and China currently owns 53 percent of the world's supply. However, it processes over 80 percent of antimony ore through contracts with other producers. The US's last source of antimony, the Stibnite mine in Idaho, ceased operations in 1997.
It isn't just the military that relies on antimony, though it does appear insane to import the key element in manufacturing modern military munitions from your most likely adversary; the private sector is also heavily reliant on the metal.
This issue has hit the front burner of Capitol Hill. The House Armed Services Committee is investigating the status of the Defense National Stockpile, which is charged with maintaining a strategic reserve of rare minerals. Our stockpile and the infrastructure to operate it will largely cease to exist by 2025 unless urgent action is taken.
Crap like this simply validates the idea that we are ruled by fools and buffoons. Congress has nearly sold off the stockpile of to, according to Defense News, " over the past several decades to fund other programs."
The stockpile was valued at nearly $42 billion in today’s dollars at its peak during the beginning of the Cold War in 1952. That value has plummeted to $888 million as of last year following decades of congressionally authorized sell-offs to private sector customers. Lawmakers anticipate the stockpile will become insolvent by FY25.
“A lot of what happened is Congress just getting greedy and finding politically convenient ways to fund programs that they weren’t willing to raise revenue for,” said [Massachusetts Democrat Seth] Moulton.
