{"id":8049,"date":"2023-10-06T05:23:55","date_gmt":"2023-10-05T23:53:55","guid":{"rendered":"https:\/\/farratanews.online\/us-uk-and-partners-pursue-15-global-projects-for-critical-minerals-supply-in-electric-vehicle-drive\/"},"modified":"2023-10-06T05:23:55","modified_gmt":"2023-10-05T23:53:55","slug":"us-uk-and-partners-pursue-15-global-projects-for-critical-minerals-supply-in-electric-vehicle-drive","status":"publish","type":"post","link":"https:\/\/farratanews.online\/us-uk-and-partners-pursue-15-global-projects-for-critical-minerals-supply-in-electric-vehicle-drive\/","title":{"rendered":"US, UK, and partners pursue 15 global projects for critical minerals supply in electric vehicle drive"},"content":{"rendered":"

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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 U.S. official said on Thursday.<\/p>\n

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.<\/p>\n

“We’re now looking at 15 projects on five continents, ranging from extraction to processing,” Jose Fernandez, U.S. State Department under secretary for economic growth, energy and the environment, told a briefing in London.<\/p>\n

“It’s our intent is to get some deals done in the next few months.”<\/p>\n

He declined to give details about the companies involved but said at least one of the projects is in Britain.<\/p>\n

BIDEN ADMITS INFLATION REDUCTION ACT HAD ‘LESS TO DO WITH REDUCING INFLATION’ THAN HE ORIGINALLY SAID<\/strong><\/p>\n

The MSP, co-hosted by Britain, will meet next week during the London Metal Exchange (LME) Week industry gathering, he added.<\/p>\n

The MSP aims to facilitate deals among private companies and help with financing, including by trade banks such as the U.S. government’s Export-Import Bank (EXIM), Fernandez said.<\/p>\n

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\"Lithium<\/source><\/source><\/source><\/source><\/picture><\/div>\n
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Lithium evaporation ponds are seen at Albemarle Lithium production facility in Silver Peak, Nevada, on Oct. 6, 2022.\u00a0<\/span> (REUTERS\/Carlos Barria\/File Photo)<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

The other members of the MSP are the European Union, Canada, Australia, France, Germany, Italy, Sweden, Finland, Norway, Japan, India and South Korea.<\/p>\n

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 U.S. clean vehicle tax breaks.<\/p>\n

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.<\/p>\n

CLICK HERE TO GET THE FOX NEWS APP<\/strong><\/p>\n

“Those conversations are intense, they’re ongoing and we have every expectation they will result in an agreement,” Fernandez said.<\/p>\n

The U.S. Inflation Reduction Act provides a $7,500 tax credit on EVs bought in the U.S. if a percentage of critical battery minerals are sourced from the United States or a free trade partner.<\/p>\n

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[ad_1] 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 U.S. 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 …<\/p>\n","protected":false},"author":1,"featured_media":8051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/8049"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=8049"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/8049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/8051"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=8049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=8049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=8049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}