The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for US clean vehicle tax breaks, a senior U.S. official said on Monday. The transatlantic partners are negotiating whether and how EU critical minerals, such as lithium and nickel, can qualify for green subsidies under the US Inflation Reduction Act, which promotes products manufactured in North America.
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At the time of your subscription, Creamer Media’s subscriptions department will be in contact with you to ensure that you receive a copy of your preferred Research Report.BRUSSELS - The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for US clean vehicle tax breaks, a senior U.S. official said on Monday.
"I'm hopeful, optimistic. Negotiations are good. We realise that we need to work together and I am confident that we will have an agreement," he said. The United States signed a minerals deal with Japan in March. Now, both the EU and Britain are looking for the same.
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