Japan to sign mineral supply chain agreement with US, subject to EV tax cut -minister

2023.03.27 21:36

© Reuters. FILE PHOTO: Yasutoshi Nishimura, Japan’s then-minister for economic revitalisation and measures for the novel coronavirus pandemic, attends a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Japan will sign a mineral supply chain agreement with the United States that will give U.S. tax incentives for electric vehicles made with metals processed in Japan, trade minister Yasutoshi Nishimura told reporters on Tuesday.

The U.S. last June announced a multinational pact called Minerals Security Partnership with Japan, Canada and other countries aimed at securing the supply of critical minerals such as nickel, lithium and cobalt.

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