Historically known as a hub of industrial innovation, Pennsylvania is now poised to enter a new era of economic prosperity through the mining and refinement of rare-earth minerals. As global demand for these critical elements skyrockets, the Commonwealth has a unique opportunity to leverage its rich geological endowment to not only boost its economy but also contribute significantly to technological advancements and our nation’s security.
Rare-earth minerals, a group of 17 elements, play a pivotal role in modern technology. They are crucial to manufacturing consumer electronics, renewable energy systems, and advanced defense technologies.
Electric vehicles, rechargeable batteries, wind turbines, smartphones, laser and missile guidance, and even medical devices depend on these minerals for their functionality. With the nation’s increasing focus on electrification and technological innovation, the demand for rare-earth minerals has reached unprecedented levels.
As the United States has only 1% of the world’s reserves of primary rare earth mineral sources, those being reserves readily mined in traditional manners, our nation is profoundly net import reliant.