ENERGY MINERALS

EU, Japan will need new agreements for IRA, says Yellen

The European Union (EU) and Japan will need to negotiate new trade agreements with the US needed to meet the mineral-sourcing requirement to qualify for billions of dollars of subsidies available under the US Inflation Reduction Act (IRA), US Treasury Secretary Janet Yellen said.

 EU, Japan may need to negotiate for IRA inclusion

EU, Japan may need to negotiate for IRA inclusion

Under the current terms of the IRA, a tax credit of US$7,500 per electric vehicle can only be secured if an initial 40% of the value of the critical minerals used in electric vehicle batteries is sourced...

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