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Report Finds Increase in US Critical Mineral Imports

Critical minerals are minerals that are important to the economy. A mineral’s criticality changes with time as society’s needs and supply shifts. Most critical minerals are metals that are essential to high-tech sectors. They include rare earth elements and metals such as platinum group elements, manganese, vanadium, molybdenum, cobalt, magnesium, gallium, tellurium and lithium.

An analysis conducted by S&P Global Market Intelligence has found the import of critical minerals into the United States remained relatively unchanged quarter over quarter but increased by almost 8% in the second quarter of this year, in comparison with 2020’s second quarter...

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