- Write by:
-
Saturday, October 21, 2023 - 13:34:33
-
150 Visit
-
Print
Mining News Pro - The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminum, French Trade Minister Olivier Becht said on Friday.
US and EU trade negotiators had hoped to agree on how to end Trump-era metals tariffs and to lessen the impact of the US Inflation Reduction Act (IRA) by Friday in time for a meeting between US President Joe Biden’s and top EU officials.
The meeting is now expected to be dominated by the crisis in the Middle East.
“It’s clearly a disappointment that we could not advance more quickly with our American friends. The discussions were intense and I hope they will restart as soon as possible,” Becht said before an EU ministers’ meeting on trade in Valencia, Spain.
He said, however, he expected there would be an agreement “in the next weeks, in the next months” so that critical minerals used in electric vehicle batteries sourced from Europe would be eligible for some of the IRA’s consumer tax breaks.
“It’s in both the interest of Europe and the United States to have this agreement,” Becht said.
The United States has suspended import tariffs on EU steel and aluminum imposed by then-President Donald Trump in 2018, but on condition both sides agree measures to address overcapacity in non-market economies such as China, and promote greener steel.
They had set an end-October deadline. Negotiators now target a deal by the end of the year.
But the sides are apart as Washington wants the EU to apply the metal tariffs to imports from China and Brussels has said it cannot not do so before a year-long investigation to comply with World Trade Organization rules.
Short Link:
https://www.miningnews.ir/En/News/627556
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on ...
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs ...
The secretary-general of the International Seabed Authority is set to run for a third term leading the United ...
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, could look at reducing capital ...
Belgium’s Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
No comments have been posted yet ...