A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.
The bill is the latest in a string of U.S. legislation attempting to cobble together a national strategy to produce more lithium, rare earths and other so-called strategic minerals used to make electric vehicles , weaponry and electronics.
The bill sets up a $20 per kilogram credit for neodymium iron boron magnets made in the United States, with the credit growing to $30 per kilogram for magnets made with rare earths sourced from American mines. Rare earths are 17 metals that are difficult and costly to mine and process cleanly. MP Materials Corp's
The credit would be a boost to MP, which has said it aims to produce magnets at some point in the country, as well as privately held USA Rare Earth and other domestic projects.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'90 Day Fiancé': Natalie Moves Out of Mike's House and Into Juliana'sMike and Natalie's relationship took another big blow on the season finale of 90DayFiancé: Happily Ever After?.
Weiterlesen »
House of Gucci Unveils Character Posters of Its Star-Studded CastGaga posted her stunning character transformation as Patrizia Reggiani.
Weiterlesen »
House of Gucci Unveils Character Posters of Its Star-Studded CastGaga posted her stunning character transformation as Patrizia Reggiani.
Weiterlesen »
Florida pickup rams into Waffle House, injuring 5, including a childFive people, including a child, were injured Sunday afternoon after a pickup truck rammed through a Waffle House in Tampa.
Weiterlesen »
Black Realtor & Clients Cuffed at House Showing When Cops SwarmA Black realtor and his would-be customers are claiming racial profiling over this.
Weiterlesen »
Lawyer for House conservatives suing Pelosi has his own rap sheetThe attorney for three hardline Republicans challenging the chamber's mask mandate was previously suspended by two bar associations over insider trading.
Weiterlesen »