During Wednesday's House Natural Resources Committee hearing on American energy, Rep. Pete Stauber (R-MN) criticized Biden's mining ban as China becomes the market leader in mineral exports.
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NewsTranscript
00:00Thank you very much and I want to thank to our witnesses for being here. I'm going to
00:06change gears just a little bit. Here in the United States, we responsibly and
00:11ethically produce our abundant energy and natural resources better than
00:15anywhere else in the world. And when we do, we're able to bolster our economy,
00:19create good-paying union jobs, and raise much-needed revenue for the federal,
00:23state, county, and local governments. We have a decision before us today. We can
00:29either develop our own energy and minerals resources here, enjoying all of
00:35the economic benefits that come with it, or rely on foreign adversarial nations
00:40like China or Russia. I'm glad that under the Trump administration and
00:44congressional Republicans, it's clear which path we'll take over the next four
00:49years. While this morning's hearing has focused primarily on economic impact of
00:54developing American's abundant energy resources, I want to focus on
00:59the incredible prospect we have to develop our nation's critical and other
01:03non-fuel minerals, including the tremendous mineral wealth we have in the
01:08Duluth complex and elsewhere across northern Minnesota. According to the U.S.
01:15Geological Survey's latest data published earlier this year, the
01:20development, processing, refining, and recycling of non-fuel minerals in the
01:25United States contributes nearly $29 billion to our nation's GDP annually.
01:33That's even while this nation is stuck currently with the Biden era policies
01:38that have locked up a vast majority of our nation's critical minerals, like
01:42those in the Duluth complex in northeastern Minnesota. It's policies
01:47like the Biden administration's mining ban in the Superior National Forest in
01:52northern Minnesota, which locked up over 225,000 acres for responsible mineral
01:58development. And as my colleagues all know well by now, this jeopardized
02:03development of the Duluth complex, where there are trillions and trillions of
02:08dollars of mineral wealth. If we are able to develop our tremendous mineral wealth
02:12in Minnesota, Arizona, Alaska, Colorado, Idaho, Nevada, Michigan, Wyoming, Montana,
02:24and everywhere in between, that $29 billion annually added to our
02:30nation's GDP will skyrocket. I want to point out a figure that when we
02:39talk about mining from the raw material, the gross domestic product, to our
02:45economy, I just mentioned $29 billion. That's just the original estimate on the
02:52GDP. It doesn't go downstream, which is hundreds of billions of dollars that we
02:59can add to our GDP annually. If we're allowed to mine those critical minerals
03:04here, we have to mine them, process them here, and then we can manufacture here.
03:11Mr. Sweetenum, while your testimony and research has focused primarily on oil
03:16and gas development, including the impact that domestic production of oil and gas
03:21can have on OPEC's ability to control oil and gas prices, I believe the same
03:25arguments can be made for global mineral commodities. Would you agree that just
03:31like the oil and gas development, domestic critical mineral development
03:35would weaken China and other adversarial nations' control over global mineral
03:39prices and their ability to artificially manipulate mineral commodity prices?
03:47So the concentration of these strategic minerals, especially those needed for
03:54wind turbines and solar panels and batteries, China dominates not only the
04:00extraction and processing, but also the refining of those materials to an
04:05extraordinary degree. So where OPEC plus has a market share of about 35%, for many
04:11of these minerals, China has a market share of 80%. And they've been happy or
04:16willing to use that dominance when they want to put economic leverage on
04:24other countries. So I absolutely agree that the concentration of those minerals
04:29and processing in China is a security risk and it would be helpful to address
04:33it with US production. I really appreciate, with my 20 seconds left, I
04:39really appreciate that comment. We can mine here, we can process here, we
04:43can manufacture. We do it better, in my opinion, better than anybody else in the
04:47world. And when we know better, we should do better. We cannot allow adversarial
04:52nations to control our destiny. As the Undersecretary of Defense said
04:59when I asked what would it do, what would it be like if China stopped
05:03selling us their critical minerals, and it'd be devastating and dangerous.
05:07Department of Defense and Energy Undersecretary said that to me. It would
05:11be devastating and dangerous. When we know better, we do better. We do it better
05:15here in the United States of America than anywhere in the country. I yield back.