US, UK make progress on critical minerals agreement, US says

Reuters | October 28, 2023 | 8:27 pm Battery Metals Markets Europe USA Cobalt Copper Lithium Manganese Nickel Rare Earth

The talks between US Trade Representative Katherine Tai (pictured) and the UK business and trade minister are taking place in Japan. (Image by Tai’s press team, X.)

US Trade Representative Katherine Tai said “significant progress” was made on a US-UK critical minerals agreement in talks on Saturday in Japan.

Tai issued a statement after meeting with British business and trade minister Kemi Badenoch.

The United States and the UK have been negotiating a critical minerals agreement that could allow electric vehicle minerals produced in Britain to count towards tax credits for clean vehicles offered under the US Inflation Reduction Act.

(By Ismail Shakil; Editing by Cynthia Osterman)