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requirements will continue to expand in order to supply 
national industrial needs and that the demand for certain 
hard minerals will increasingly exceed available domestic 
sources of supply; 
“‘(2) that, in the case of some minerals, the Nation 
is totally dependent upon foreign sources of supply and 
that the acquisition of mineral resources from foreign 
sources is a substantial factor in the national balance-of- 
payments position; 
“(8) that the national security interests of the 
United States require the availability of mineral re- 
sources which are independent of the export policies of 
foreign nations; , 
(4) that there is an alternate source of supply of 
certain minerals which are significant in relation to 
national needs contained in the manganese nodules which 
exist In great abundance on the ocean floor; |. 
“(5) that, to the extent that such nodules are 
located outside the territorial limits and beyond the con- 
tinental shelf of any nation, the nodules are availables 
for utilization by any nation with the ability to develop 
them; 
(6) that United States mining companies have 
developed the technology necessary for the development 
and processing of deep seabed nodules and, given the 
