WASHINGTON – U.S. Senators Chris Coons (D-Del.), Todd Young (R-Ind.), John Cornyn (R-Texas), and John Hickenlooper (D-Colo.) reintroduced the Securing Trade and Resources for Advanced Technology, Economic Growth, and International Commerce in (STRATEGIC) Minerals Act to strengthen America’s supply chain of critical minerals and rare earth elements (REEs).

Critical minerals and REEs are essential for the production of many 21st century technologies, from cell phones to supercomputers to military weapons. Unfortunately, they are highly vulnerable to supply chain disruption, and China’s aggressive effort to control these resources presents a significant national and economic security risk. This bill would empower the president to negotiate and enforce sector-specific trade agreements exclusively focused on critical minerals and REEs with trusted partners and allies. Successful agreements would bolster cooperation, reduce trade barriers, and enhance the economic security of the U.S. and its partners. 

“If America is to remain a superpower, we need resilient supply chains for critical minerals—and that means strong relationships with reliable trading partners around the world,” said Senator Coons. “The STRATEGIC Minerals Act will help us achieve that goal, and it’s one more way Congress is doing its part to position the U.S. to produce the technologies that will define the rest of the 21st century.”

“Our nation depends on critical minerals for everything from consumer goods to defense technologies, and relying on foreign adversaries for these materials is a national security vulnerability we cannot afford,” said Senator Young. “Negotiating more trade agreements specific to critical minerals with trusted partners will help shore up our supply of these resources, protect American interests, and strengthen our national security.”

“China dominates the critical minerals supply chain, which leaves America vulnerable to national security risks,” said Senator Cornyn. “By shoring up America’s critical minerals supply chain, this legislation would increase our competitiveness on the world stage, reduce our dependence on foreign adversaries, and foster greater trade with trusted allies.”

“Critical minerals are key to our clean energy future and American innovation,” said Senator Hickenlooper. “China currently controls the supply chain for many of these essential resources. Our international allies will help us diversify our critical mineral supply and strengthen our national security.”

Specifically, the STRATEGIC Minerals Act would:

  • Authorize the president, through the U.S. Trade Representative, to negotiate, enter into, and enforce specialized trade agreements focused on critical minerals and REEs, subject to congressional approval.
  • Set trade negotiation objectives to strengthen supply chains of critical minerals and REEs, aiming to reduce or eliminate trade barriers with trusted allies to ensure reliable access and reduce dependence on adversarial nations.
  • Exclude nonmarket economies like China and prevent foreign entities of concern from benefiting, allowing only trusted partners to participate in order to safeguard our national security.
  • Require the president to consult with Congress before initiating negotiations, providing details on objectives and potential impacts and ensuring legislative oversight.
  • Amend the Defense Production Act of 1950 to include certain businesses from countries party to such agreements in the definition of domestic sources under strict conditions, strengthening U.S. access to critical minerals essential for national security while prioritizing American interests.

The STRATEGIC Minerals Act was originally introduced in the 118th Congress. This legislation builds on Senators Coons’ earlier efforts to reduce our reliance on China for critical minerals essential to national security. Last year, Senator Coons joined a group of his colleagues on the bipartisan Global Strategy for Securing Critical Minerals Act, which would ensure that the United States, its allies, and global partners can count on a diverse and secure end-to-end supply of critical minerals. In October, Senators Coons and Young introduced the Critical Minerals Future Act, which would establish a pilot program within the U.S. Department of Energy to financially support domestic critical mineral processing projects.

The full text of the legislation can be found here.