Benchmark invited to US Senate for third time; Simon Moores to speak on rebuilding America’s supply chains for electric vehicle revolution

The Benchmark Team is delighted to confirm that we have been invited to testify to the US Senate for the third time in under three years.

Benchmark’s Managing Director, Simon Moores, has been invited to speak on the criticality of building and rapidly scaling domestic electric vehicle (EV) supply chains in the USA.

The hearing is being held by the US Senate Committee on Energy & Natural Resources led by Chairman Senator Lisa Murkowski (R, Alaska) and Ranking Member Joe Manchin (D, West Virginia).

Moores will feature in the Full Committee Hearing on the impact of COVID-19 on Mineral Supply Chains, Wednesday 24 June 2020 at 9.30am Washington DC (EDT).

“The purpose of the hearing is to examine the impact of COVID-19 on mineral supply chains, the role of those supply chains in economic and national security, and challenges and opportunities to rebuild America’s supply chains,” the committee explained.

A live web cast of the hearing can be viewed here

SENATOR LISA MURKOWSKI, R-ALASKA, CHAIRMAN OF THE SENATE ENERGY AND NATURAL RESOURCES SAID:

“Minerals are the building blocks of modern society, and it is more timely than ever to recognize how their domestic production can strengthen our supply chains.

“Last year, Mr. Moores emphasized to our committee that those who control global minerals supply chains will hold the balance of industrial power for the 21st century. I look forward to his insights on how we have seen that play out in a global pandemic, and especially as we seek to recover from it.”

Simon Moores, Managing Director of Benchmark said:

“Team Benchmark is delighted to, once again, have the opportunity to give our independent state of play on the global electric vehicle supply chain to the highest tier of the US government.

“The industry – from lithium, cobalt, graphite and nickel miners through to battery cell makers and EV manufacturers – rely on our proprietary market data and analysis to make the highest level of decisions on scaling this supply chain for the energy storage revolution.

“It is our honour to present to the US Senate for the third time in what is now a crucial juncture for the USA in building a new heavy industry from scratch: the EV supply chain.

“Senator Murkowski is the most important voice in the USA on what is a pervasive and persistent shift to electrification and energy storage.

“The Senator’s relentless leadership on securing these supply chains is a crucial rallying call for a domestic supply chain that is some way behind its Chinese and European counterparts.

“This subject will define the future of the US auto industry and have a wholesale impact on domestic mining, refining, chemical making and recycling in the USA.

“I am looking forward to getting Team Benchmark‘s message across.”

End.