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The U.S. Military and NATO Face Serious Risks of Mineral Shortages
(carnegieendowment.org)
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Absolutely, and rebuilding domestic capacity necessary to extract and process resources is going to be a decades long project. That's assuming there's even political will to do that.
um, what can you privatize to get that production back? i dont think austerity will do it, and this is the only other button i have...