US clarifies position on IRA raw material credits
The US Treasury has finally clarified its position on tax credits for raw materials within the IRA. There are four key points: (1) critical raw materials are eligible for tax credits if more than 50% of extracting or processing is carried out in FTA countries (ie if a Korean cathode company sourced lithium from Argentina or nickel from Indonesia, as long as 50% of the remaining value of the processing is done in a FTA/preferred country it would be valid for tax credits); (2) Cathodes remain part of the “battery component” that is subject to the percentage calculation but CAM...
Topics
Anode
Cathode
EV
Graphite
IRA
Lithium
Nickel
Raw Material
US
