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HomeMiningUS, Japan strike deal on supply of minerals for EV batteries

US, Japan strike deal on supply of minerals for EV batteries

The US agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks as President Joe Biden aims to counter China’s dominance of the electric vehicle battery sector.

Following the pact, EVs that use materials that have been collected or processed in Japan will be eligible for incentives under the US Inflation Reduction Act, Japanese Trade Minister Yasutoshi Nishimura said Tuesday in Tokyo.

SourceBloomberg
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