The US Department of Energy (DOE) has awarded $17.4mn to help fund three front end engineering design studies of extracting rare earth and critical minerals from coal. The awards, announced by the department on 15 February, are expected to cover 80pc of expected costs of the studies. ...
The 2023 Critical Materials Assessment was managed and funded by EERE’s Advanced Materials and Manufacturing Technologies Office (AMMTO) and was conducted by Argonne National Laboratory and Idaho National Laboratory, in consultation with members of the DOE Critical Minerals and Materials Science and En...
US subsidies to help develop domestic critical minerals sector The United States Department of Energy (DoE) has announced $39 million in new subsidies aimed at developing the country's domestic “critical minerals” supply chain Announcing the package on Thursday October 27, the DoE said the fundin...
According to a DOE press release, the LPO is to “interpret the Title XVII Program and the ATVM Program broadly to encourage applications from potential projects involving the production, manufacture, recycling, processing, recovery, or reuse of critical minerals and other minerals.” Over ...
The Biden administration is thankfully taking action to address the serious challenges facing our nation’s critical minerals supply chain and its link to batteries, which are critical to the clean energy transition. President Biden released plans to use
but imposes new conditions on these credits. The law requires 50% of the value of battery components to be produced or assembled in North America to qualify for a $3,750 credit, and 40% of the value of critical minerals to be sourced from the United States or a free trade partner also...
An estimated 76% of lithium battery cells and the large majority of cell components are made in China, the report said. Current production of critical minerals occurs mostly outside of the US and its free-trade allies. According to the US Geological Survey, China is the dominant supplier of...
The DOE Critical Materials List will inform eligibility for tax credits under the Inflation Reduction Act 48C. United States Copper News
provides up to $7,500 in tax incentives for purchase of EVs, but imposes new conditions on these credits. The law requires 50% of the value of battery components to be produced or assembled in North America to qualify for a $3,750 credit, and 40% of the value of critical minerals to...
Under the “Excluded Entities” provisions, the IRA imposes additional restrictions regarding EVs with battery components or critical minerals from FEOCs:Starting in 2024, eligible clean vehicles containing battery components manufactured or assembled by an FEOC will be disqualified from the...