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From page 23... ... $800 $700 $670 $594 $600 Estimates $513 $503 $497 $500 $462 $449 $446 $432 $428 $391 $377 $400 $322 $299 $300 $238 $219 $200 $173 $139 $100 $0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source: Annual Materials Reports and FY 2008 Budget FIGURE 2-2 Annual Sales of Excess Stockpile Materials $ in Millions by Fiscal Year. Data taken from the DNSC Annual Materials Reports and FY 2008 budget request. Read the entire page →
From page 24... ... Data taken from the DNSC Annual Materials Reports and FY 2008 Budget Request. Read the entire page →
From page 25... ... issued a report titled Stockpile Objectives of Strategic and Critical Materials Should be Reconsidered Because of Shortages. (General Accounting Office, 1975) Read the entire page →
From page 26... ... It also recommended that then stockpile manager, the Administrator of General Services, use these data to arrive at new national stockpile objectives. Finally the GAO suggested that the Congress might want to study the advisability of broadening the strategic and critical materials stockpile concept to release material to meet short-term economic as well as national defense emergencies. Read the entire page →
From page 27... ... Looking at the future of the stockpile, the CBO suggested a number of policy options for the Congress to consider to ensure materials supplies during national emergencies. Its lists of options provide a useful summary of the tools government can use, including: • Increasing the size and scope of the National Defense Stockpile; • Building economic stockpiles; • Subsidizing domestic production; • Diversifying sources of supply; • Encouraging exploration and production of critical minerals on public lands; • Intensifying metals and materials research and development; and • Utilizing foreign policy initiatives. Read the entire page →
From page 28... ... defense strategy and global threats have changed significantly, and especially since the end of the Cold War. Stockpile requirements and NDS inventory levels have also changed. Read the entire page →
From page 29... ... 1993. Strategic and Critical Materials Report to the Congress, Operations under the Strategic and Critical Materials Stockpiling Act during the Period October 1991 - September 1992. Read the entire page →
From page 30... ... PREPUBLICATION COPY SUBJECT TO EDITORIAL CORRECTIONS Page Intentionally Left Blank Read the entire page →
From page 31... ... These changes can be considered in five categories: • Increasing demand for minerals from both industrial and developing countries; • Dramatic changes in supply sources for minerals; • Volatile markets and pricing; • Corporate consolidation in the global mineral industry. • Increased vulnerabilities in the mineral supply chain. Read the entire page →
From page 32... ... and its contractors in the provision of defense systems. In the seven decades since the National Defense Stockpile (NDS) Read the entire page →
From page 33... ... These "world class" deposits have supplied large percentages of the world's industrial requirements over the last century; they include: cobalt from the Congo; chromium, platinum-group metals, and manganese from South Africa; tungsten, rare-earths, and antimony from China; bauxite from Jamaica; manganese from Ukraine; platinum-group metals from Russia; nickel from Canada; and molybdenum from the United States, to name but a few. 1 See the CIA World Factbook available at << https://www.cia.gov/library/publications/the-world-factbook/>> . Read the entire page →
From page 34... ... Data Source: International Iron and Steel Institute 2007; U.S. Geological Survey 2007. Read the entire page →
From page 35... ... demand for minerals is being met by offshore mining and ore processing facilities. The most striking indicators of these changes are the data on the increasing dependence of the United States on the import of minerals to support the domestic economy. Read the entire page →
From page 36... ... supply chain. The implications for the United States have been of concern for some time, as demonstrated by the conclusions a 1990 NRC study Competitiveness of the U.S. Read the entire page →
From page 37... ... PREPUBLICATION COPY SUBJECT TO EDITORIAL CORRECTIONS FIGURE 3-4 2006 Net Import Reliance for Selected Nonfuel Mineral Materials, Showing Top Foreign Suppliers (United States Geological Survey, 2007) Read the entire page →
From page 38... ... RESTRUCTURING IN THE GLOBAL MINERAL SECTOR The major developing BRIC countries are developing their domestic mineral resources to meet both their internal markets and large export markets with many mining companies in those developing countries becoming significant players in the global mineral market their own right. Another recent trend in the global minerals industry is that with the increasing demand for minerals, Africa, with its geologically rich but vastly unexplored areas, is likely to play an increasingly important role in the global minerals market. Read the entire page →
From page 39... ... Primary U.S. Apparent World of World Production Consumption Production Production Commodity Metric Tons Metric Tons Metric Tons (percent) Read the entire page →
From page 40... ... BHP Billiton is the largest international mining company today with 38,000 employees working in more than 100 operations in approximately 25 countries. BHP Billiton, with 2006 sales of $39 Billion (2002 sales were $17 Billion) Read the entire page →

From page 23...

... $800 $700 $670 $594 $600 Estimates $513 $503 $497 $500 $462 $449 $446 $432 $428 $391 $377 $400 $322 $299 $300 $238 $219 $200 $173 $139 $100 $0 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source: Annual Materials Reports and FY 2008 Budget FIGURE 2-2 Annual Sales of Excess Stockpile Materials $ in Millions by Fiscal Year. Data taken from the DNSC Annual Materials Reports and FY 2008 budget request.