[VIDEO] Is U.S. Manufacturing Making a Comeback?
After decades of outsourcing, companies are bringing production back to the United States and a big part is due to the mining industry.
Earlier this year, the National Mining Association (NMA) commissioned SNL Metals & Mining to conduct a study to demonstrate the extent in which minerals produced in the U.S. contribute to the domestic manufacturing industries. The goal of the report was to provide a comprehensive and accessible report for the public and policy makers.
According to the report, the average American born in 2013 will depend on roughly three million pounds of minerals, metals and fuels during their lifetime.
“The 27,416 pounds of iron ore, 978 pounds of copper, 521 pounds of zinc and 1.8 ounces of gold, among other minerals and metals, will allow the average American to driver safer cars on better roads and bridges, live in sustainable buildings, use laptops and smart phones and generally enjoy a high quality life.”
Although the U.S mining sector is currently in a great position to support manufacturers’ for sustainability and shorter supply chains in the production process, there’s a problem: an outdated, inefficient permitting system, which presents a barrier to American companies’ access to the minerals they need.
The answer?
A streamlined permitting process, which would essentially help provide U.S. manufacturers with secure sources of the raw materials they need, which in return would boost the manufacturing sector in the United States providing more jobs and resources to Americans.
