[IBJ] The strategic importance of the Finding ORE Act

When one country dominates mineral supply chains, American businesses face unpredictable price spikes, extended delivery delays and vulnerability to trade disputes entirely outside our control. Indiana manufacturers have already experienced production slowdowns because critical components weren’t available when needed, and technology companies have absorbed cost increases when mineral prices suddenly jumped.

Every business owner in America should care more about something they rarely think about: critical minerals. These raw materials form the backbone of virtually every technology that powers our modern economy and are found in everything from our smartphones and vehicles to energy technologies and medical devices. They power all of the modern world, yet most of us rarely consider their importance until supply problems arise.

As an Indiana business executive in energy and tech, I’ve seen how supply chain disruptions ripple through our economy. When critical materials become scarce or suddenly expensive, it’s not just large corporations that suffer. Small and medium-size businesses feel the pain most acutely, often without understanding the root cause.

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