off-the-wire

U.S., EU to negotiate critical minerals agreement -statement

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, March 10 (Reuters) - U.S. President Joe Biden and European Commission President Ursula von der Leyen agreed on Friday to immediately begin negotiations on a targeted critical minerals agreement to facilitate meeting subsidy requirements in the U.S. Inflation Reduction Act, the two leaders said in a joint statement.


The agreement aims at "enabling relevant critical minerals extracted or processed in the European Union to count toward requirements for clean vehicles in the Section 30D clean vehicle tax credit of the Inflation Reduction Act," the statement said.



(Reporting by Rami Ayyub; Editing by Eric Beech)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.