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U.S. and UK Atlantic Declaration Includes Negotiation of Critical Minerals Agreement for Clean Vehicle Tax Credit

13 June 2023

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United States-United Kingdom

On 8 June 2023, the Biden Administration announced The Atlantic Declaration: A Framework for a Twenty-First Century U.S.-UK Economic Partnership. Among other things, this includes that the U.S. and the UK will negotiate an agreement that will allow critical minerals extracted or processed in the UK to count towards sourcing requirements of the clean vehicle tax credit. --- Launching negotiations on a Critical Minerals Agreement. 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 – cobalt, graphite, lithium, manganese, and nickel – that...