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American Resources Policy Network
Promoting the development of American mineral resources.
  • Senate Energy Committee Zeroes in on Energy Storage Revolution – Where Will the Battery Megafactories Get the Minerals and Metals They Need?

    Just last week, we highlighted the surge in EV technology and its implications for mineral resource supply and demand.  A timely subject – as evidenced by the fact that the U.S. Senate Committee on Energy held a “Full Committee Hearing “to Examine Energy Storage Technologies” this week. 

    Simon Moores, Managing Director of Benchmark Mineral Intelligence and member of the ARPN panel of experts, was invited to testify on opportunities and risks in the energy storage supply chain. In his testimony, Moores outlined the “rise of the lithium ion battery megafactories,” and shared Benchmark Mineral Intelligence’s assessment of the development of the two largest growth markets for which these lithium ion batteries will be targeted – EV and stationary/utility storage, which Moores characterized as the “two uses that underpin the energy storage revolution.”

    Said Moores:

    Both markets are in their infancy. However, as these markets mature over the next 10 years, the scale of application and its disruptive effect on established auto and energy industries will be unprecedented.”

    Moores then discussed the critical raw material inputs fueling lithium ion technologies — Lithium, Graphite, Cobalt and Nickel — with an eye towards the United States’ current and prospective role in these respective markets. While outlining opportunities, Moores also warned of great risks:

    “The demands EV manufacturers are placing on raw material miners to chemical processors and cathode manufacturers are huge – they are being asked to increase their business footprint by 5-10 times in a 7-year period. At present, there is little desire to share this capital and commercial risk of building new mines or expanding their business to meet this new demand. 

    Major auto manufacturers will eventually have to conclude that supply chain partnerships and capital investment is the only way to secure lithium, graphite, cobalt, nickel or lithium ion battery cells. But this decision-making process is slow for players outside of China and risks derailing any form of revolution in the energy storage industry.”

    He argued that necessary investment is still falling short and “needs to be 10 times larger to create a new blueprint for a post-2030 world.”

    Concluded Moores: 

    “This energy storage revolution is global and unstoppable. For countries and corporations, positioning themselves accordingly to take advantage of this should be of paramount importance and longer term (~10 year) decisions need to be made.”

    Here’s hoping that his testimony resonates with Members of Congress and helps deepen the conversation about a much needed comprehensive mineral resource strategy. 

    To read Moores’s full testimony, click here. Video footage of the hearing will be made available on the committee’s website as well. 

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  • McGroarty before U.S. Senate Committee: “Increased Resource Dependence Jeopardizes U.S. Economic Strength and Manufacturing Might”

    In his testimony before the U.S. Senate Committee on Energy and Natural Resources on “the Near-Term Outlook for Energy and Commodities Markets” last week, ARPN Principal Daniel McGroarty argues that while in the long-run, the market is self-corrective, there are certain actions that should be taken while we wait for that long-run to arrive if the U.S. wants to regain its economic strength and manufacturing might.

    McGroarty points to the risks associated with our growing – and largely self-inflicted – dependence on foreign-sourced minerals and metals which have “implications for the strength of the American economic recovery, for the revival of U.S. manufacturing might, and for the hoped-for dominance of U.S. ingenuity and enterprise in the advanced technology applications that we know are shaping the world of the 21s Century.”

    He argues that if the United States continues down the current path of reducing exploration spending while prolonging the already onerous permitting process for mining projects, resource development, and with that associated manufacturing, will move elsewhere.

    Outlining several helpful first steps to mitigate these risks, including Sen. Lisa Murkowski’s (R-Alaska) American Mineral Security Act, he concludes:

    “I don’t think there’s another nation in the world that can match American ingenuity.  We can pioneer the ideas behind wind and solar and so much else – but where will the materials that make these new energy sources real – where will they come from?

    How we answer that question will determine to a large extent whether the U.S. can regain its manufacturing might…  Whether America will lead the alternative energy revolution…  And whether the U.S. will have the metals and minerals we need to provide the modern military technology we depend on.” 

    Click here to read the full written testimony.

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  • EPA’s Bristol Bay Watershed Assessment: A Factual Review of a Hypothetical Scenario

    Testimony presented by Daniel McGroarty – Oversight Hearing of the U.S. House of Representatives Committee on Science, Space & Technology Subcommittee, August 1, 2013 Chairman Broun, Ranking Member Maffei, Members of the Committee: Thank you for the opportunity to testify today. My name is Daniel McGroarty, and I am president of the American Resources Policy [...]
  • American Resources Principal Daniel McGroarty testifies before House Committee on Natural Resources Subcommittee

    Last week, American Resources principal Daniel McGroarty testified before the U.S. House of Representatives Committee on Natural Resources Sub-Committee on Energy and Mineral Resources on the issue of “America’s Mineral Resources: Creating Mining & Manufacturing Jobs and Securing America.” Commenting specifically on one of the bills pending in the committee, the ‘‘National Strategic and Critical [...]
  • America’s Mineral Resources: Creating Mining & Manufacturing Jobs and Securing America

    Testimony presented by Daniel McGroarty – Oversight Hearing of the U.S. House of Representatives Committee on Natural Resources Sub-Committee on Energy and Mineral Resources, March 21, 2013 Chairman Lamborn, my thanks to you and your colleagues on the House Sub-Committee on Energy and Mineral Resources for the opportunity to testify today. I am Daniel McGroarty, [...]

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