White House Announces Critical Minerals Negotiations to Begin With UK
Cobalt, graphite, lithium, manganese or nickel that is mined or processed in the U.K. will be able to count toward the location requirements for electric vehicles' batteries' critical mineral sourcing under the Inflation Reduction Act tax credits, if negotiations are successful, the White House announced June 8, during the British prime minister's visit to the president.
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"With congressional consultation, we intend to immediately begin negotiations on a targeted critical minerals agreement covering the five relevant critical minerals most important for electric vehicles," the announcement said. The negotiations will focus on "robust labor and environmental standards" and on making sure that the U.K. has a similar approach to the U.S. in supply chain diversification.
"Through our strong U.S.-UK partnership we will work towards increasing our respective and collective clean energy industrial capacity, boosting electric vehicle production and deployment, and expanding access to sustainable, secure, high-standard critical mineral and battery supply chains," the announcement said.