The Role of Critical Raw Materials in US Economy

DOI: https://doi.org/10.30686/1609-9192-2022-5-121-130
Читать на русскоя языкеV.B. Kondratiev
Institute of World Economy and International Relations of the Russian Academy of Sciences, Moscow, Russian Federation
Russian Mining Industry №5 / 2022 р. 131-134

Abstract: The U.S. economy and especially its manufacturing sector, is highly dependent on the supply of raw and semifinished materials. While the United States have extensive mineral resources and are a leading global materials producer, a high percent of many materials that are critical to U.S. manufacturing are imported. The so-called critical minerals are central to the manufacture of a wide range of high-tech products. These include mobile phones, computers, flat-screen monitors, solar panels, rechargeable batteries, air conditioners and defense industry technologies and products. Critical minerals play a significant role in USA national security, renewable energy development and infrastructure. The article provides an overview of trends in mineral supply risks and the critical factors that determine the mineral supply chain risks.

Keywords: critical minerals, national security, manufacturing, high-tech industries, global supply chains

For citation: Kondratiev V.B. The Role of Critical Raw Materials in US Economy. Russian Mining Industry. 2022;(5):121–130. https://doi.org/10.30686/1609-9192-2022-5-121-130

Article info

Received: 12.08.2022

Revised: 05.09.2022

Accepted: 06.09.2022

Information about the author

Vladimir B. Kondratiev – Dr. Sci. (Econ.), Professor, Head of Center for Industrial and Investment Research, Institute of World Economy and International Relations of the Russian Academy of Sciences, Moscow, Russian Federation; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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