- Write by:
-
Friday, October 6, 2023 - 16:39:32
-
133 Visit
-
Print
Mining News Pro - The United States and partners are working on 15 projects to secure supplies of critical minerals needed for electric vehicles and the energy transition, a senior US official said on Thursday.
The Minerals Security Partnership (MSP) formed last year by 14 governments aims to ensure adequate supplies of minerals such as lithium and rare earths to meet zero-carbon goals.
“We’re now looking at 15 projects on five continents, ranging from extraction to processing,” Jose Fernandez, US State Department under secretary for economic growth, energy and the environment, told a briefing in London.
“It’s our intent is to get some deals done in the next few months.”
He declined to give details about the companies involved but said at least one of the projects is in Britain.
The MSP, co-hosted by Britain, will meet next week during the London Metal Exchange (LME) Week industry gathering, he added.
The MSP aims to facilitate deals among private companies and help with financing, including by trade banks such as the US government’s Export-Import Bank (EXIM), Fernandez said.
The other members of the MSP are the European Union, Canada, Australia, France, Germany, Italy, Sweden, Finland, Norway, Japan, India and South Korea.
Fernandez said he was confident that the United States would seal an agreement to allow critical minerals mined or processed in Britain to qualify for US clean vehicle tax breaks.
On Monday, Fernandez said the United States was optimistic about reaching such an agreement with the EU and Washington signed a minerals deal with Japan in March.
“Those conversations are intense, they’re ongoing and we have every expectation they will result in an agreement,” Fernandez said.
The US Inflation Reduction Act provides a $7,500 tax credit on EVs bought in the US if a percentage of critical battery minerals are sourced from the United States or a free trade partner.
Short Link:
https://www.miningnews.ir/En/News/627465
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following ...
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim ...
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
No comments have been posted yet ...