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35 Minerals Absolutely Critical to U.S. Security

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35 Minerals Absolutely Critical to U.S. National Security

35 Minerals Absolutely Critical to U.S. National Security

Draft list released by feds on Feb 16th, 2018

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

What do cobalt, uranium, helium, titanium, and fluorspar have in common?

According to the U.S. government, these are all minerals that are deemed critical to both the economic and national security of the country.

The draft list of 35 critical minerals was released on February 16, 2018 as the result of President Trump’s Executive Order 13817, which asked the U.S. Department of the Interior and the Secretary of Defense to publish a list of mineral commodities that are vital to U.S. interests.

Under the Executive Order, a critical mineral is defined as:

A non-fuel mineral or mineral material essential to the economic and national security of the United States, the supply chain of which is vulnerable to disruption…

The list includes minerals that are important for defense, economic, and industrial purposes – and it keys in especially on minerals that are not produced in substantial quantities domestically.

Why These Critical Minerals?

We sorted the list based on some of the key uses of these minerals.

Critical Minerals by Use

Of course, some of these minerals could belong in multiple categories: for example, vanadium is used as a steel and titanium alloy strengthener, but also in rechargeable vanadium flow batteries.

That said, the important commonality to note for all of these minerals is their crucial link to the U.S. economy and national security.

Preparing for the Worst-Case Scenario

Imagine the hypothetical impact of a lack of uranium for nuclear plants, a hampered ability to create high-strength steel and superalloys for the U.S. military, or if U.S. auto manufacturers had limited access to aluminum, steel, PGMs, and battery metals.

The challenge, as U.S. federal authorities realize, is that many of these raw materials are produced in limited amounts domestically. In fact, according to the USGS, the country sources at least 31 of the aforementioned materials chiefly through imports.

While it is unlikely that these supply chains would ever be disrupted, it’s never a bad idea to prepare for the worst-case scenario.

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Gold vs. S&P 500: Which Has Grown More Over Five Years?

The price of gold has set record highs in 2024, but how has this precious metal performed relative to the S&P 500?

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Gold vs. S&P 500: Which Has Grown More Over Five Years?

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment.

Commonly regarded as a “safe haven asset”, gold is something investors typically buy to protect themselves during periods of global uncertainty and economic decline.

It is for this reason that gold has performed rather strongly in recent years, and especially in 2024. Persistent inflation combined with multiple wars has driven up demand for gold, helping it set a new all-time high of over $2,400 per ounce.

To put this into perspective, we visualized the performance of gold alongside the S&P 500. See the table below for performance figures as of April 12, 2024.

Asset/Index1 Yr (%)5 Yr (%)
🏆 Gold+16.35+81.65
💼 S&P 500+25.21+76.22

Over the five-year period, gold has climbed an impressive 81.65%, outpacing even the S&P 500.

Get Your Gold at Costco

Perhaps a sign of how high the demand for gold is becoming, wholesale giant Costco is reportedly selling up to $200 million worth of gold bars every month in the United States. The year prior, sales only amounted to $100 million per quarter.

Consumers aren’t the only ones buying gold, either. Central banks around the world have been accumulating gold in very large quantities, likely as a hedge against inflation.

According to the World Gold Council, these institutions bought 1,136 metric tons in 2022, marking the highest level since 1950. Figures for 2023 came in at 1,037 metric tons.

See More Graphics on Gold

If you’re fascinated by gold, be sure to check out more Visual Capitalist content including 200 Years of Global Gold Production, by Country or Ranked: The Largest Gold Reserves by Country.

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