America and Japan recently signed a sectoral agreement of 10 pages regarding the minerals used in EV batteries in order to strengthen the supply chains for their battery products and offer Japanese manufacturers more access to a revised $7,500 United States electric vehicle tax break. The agreement that was hastily drafted forbids the two nations from adopting bilateral trade limits on the most essential minerals such as lithium, cobalt, nickel, manganese and graphite for electric vehicle batteries, according to senior officials in Biden’s administration.
Likewise, the agreement seeks to lessen the United States and Japan’s dependence on Chinese suppliers for the critical minerals by demanding cooperation to…
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