Ann: ASX Webinar Presentation, page-4

"The new rules, issued by the Treasury Department Friday, aim to make the U.S. less reliant on batteries and critical minerals shipped from China. For car buyers to claim the full $7,500 tax credit, the batteries must contain set amounts of components made in North America and critical minerals sourced in the U.S. or from certain friendly countries.

The criteria will take effect on April 18, when a list of models that qualify for the tax credit will be issued. Until then, consumers can claim the full tax credit when they buy vehicles that are currently eligible, before some are expected to drop off the list.

The program is part of the Inflation Reduction Act, a broad clean-energy, tax and healthcare law passed last year. It is designed to make electric vehicles more affordable and ..."(WSJ 31/3
Preview

Step by step the Cobalt pendulum swings towards COB . If the various States and Fed Govt accelerate industry assistance plans for EV battery

hubs and critical mineral production the success of COB is assured IMO Also the impact of the DRC stockpile traceable to China

will, I assume be cushioned by the "new rules" which again assists the economic viability of COB.