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US clarifies position on IRA raw material credits

Posted on - 06 Apr 2023

Category - News & Views

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...

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Anode Cathode EV Graphite IRA Lithium Nickel Raw Material US