ROSSLYN, Va.—Today National Electrical Manufacturers Association (NEMA) President and CEO Kevin J. Cosgriff addressed the U.S. Senate Committee on Energy and Natural Resources to voice the electroindustry perspective on minerals availability and the importance of minerals access for U.S. electrical and medical imaging manufacturers. In his testimony, Cosgriff emphasized the importance of policies that provide assurance to industry of stable and continuous supply and affordability.
"Electrical manufacturers support the federal role in critical minerals policy, including research and development, as well as minerals information and analysis," said Cosgriff. "A balanced minerals policy is important support for domestic manufacturing and employment."
Cosgriff expressed industry concern over the increasing dependence of the United States on foreign sources of critical minerals, including rare earths and other raw materials. He advocated for access to more secure and price-competitive supplies closer to home, such as NAFTA countries.
"Reliance on foreign sourcing of raw and processed rare earth materials remains a point of significant risk depending on the location of that source—for example, China. For instance, as our nation accelerates steps to renew the power grid, including deploying grid-scale energy storage, having access to minerals and metals is a fundamental issue."
Patients are also affected by this issue, Cosgriff added. "NEMA encourages Congress to apply oversight authority to monitor implementation of the American Medical Isotopes Production Act (AMIPA) of 2011, so that patients can get the right scan at the right time."
"At the end of the day, the issue is whether U.S. electroindustry and medical imaging companies will be able to manufacture their valuable products and where they will be able to manufacture them," Cosgriff concluded. "Our companies are working to meet the nation's future needs in energy, healthcare, and transportation. NEMA supports initiatives to improve the prospects that U.S. industry and workers will have access to the minerals, related information, and regulatory environment they need to be globally competitive."
The National Electrical Manufacturers Association (NEMA) represents nearly 325 electrical equipment and medical imaging manufacturers that make safe, reliable, and efficient products and systems. Our combined industries account for 370,000 American jobs in more than 6,100 facilities covering every state. These industries produce $124 billion in shipments and $42 billion in exports of electrical equipment and medical imaging technologies per year.