24 May 2011 19:56 [Source: ICIS news]
Testifying before the House Subcommittee on Energy and Mineral Resources, Jaffe warned that “If appropriate steps are not taken, we face possible disruptive short-term constraints on supply of some elements ... that are critical to deployment of potentially game-changing energy technologies”.
“Casualties might include things ranging from important petroleum refinery catalysts to state-of-the-art wind turbines or market-competitive solar panels,” he said.
Daniel McGroarty, president of the American Resources Policy Network (ARPN), warned that
“With 1.3bn people and an 8% to 9% annual economic growth rate, Chinese mining officials have begun to float the possibility that
He also cited
He pointed out that the
“Compare that with foreign oil, where the
McGroarty charged that US policies impair the development of abundant domestic supplies of rare earths and other critical minerals, noting that federal permitting processes “routinely run 7 or 8 to ten years to bring a new American mine into production”, the longest permitting process among the 25 major mining nations.
The subcommittee is among several congressional panels that are considering multiple pieces of legislation to increase domestic production of rare earths and other critical minerals, accelerate recycling and conservation methods and build stockpiles.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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