PLL and IRA qualification, page-7

@banksy808

Two key statements regarding the Inflation Reduction Act from GM and Livent. The mined material does not need to come from the US (or its FTA partners), it is the final end refined product that needs to in order for the Auto OEM to receive the final tax credit

However, there are a plethora of additional incentives and tax breaks for companies that are mining raw material within the US that are additional to the $7,500 tax credit

While Argentina does not have a free trade agreement with the US, GM said that all of Livent’s lithium hydroxide processing for GM will happen in North America over the course of the agreement.

“They (GM) don’t need the raw material to come from North America but they want that final production, that processing step into lithium hydroxide to be in the same region,” Paul Graves, chief executive of Livent, said this month"