U.S., Japan strike deal on boosting supplies of EV battery minerals

The United States and Japan said Tuesday that the two countries have reached an agreement on reinforcing supply chains of minerals vital in producing electric vehicle batteries.The agreement will allow Japanese companies to receive EV tax breaks if critical minerals from the United States or countries with which it has free trade agreements are used in the cars' batteries, the two governments said.The deal is part of a larger effort by the administration of U.S. President Joe Biden to strengthen its economic security by diversifying procurement sources of important materials among allies an…READ FULL ARTICLE