Washington, DC-based non-governmental organization Securing America’s Future Energy Foundation (SAFE) also welcomed the finalized tax credit guidance for Section 45X.
“The final rule is a game-changer for companies refining, smelting and processing materials at home — especially in today’s low-price market,” Abigail Hunter, executive director of SAFE’s Center for Critical Minerals Strategy, said in a statement.
Furthermore, SAFE’s Center for Strategic Industrial Materials executive director Joe Quinn said that cost remains the main challenge for domestic aluminium producers, while most policy attempts around enhancing the US aluminium industry focus on trade negotiations, anti-dumping measures and tariffs.
“The 45X rule finally addresses that [cost] side of the equation,” Quinn said in SAFE’s statement. “The expanded definition of the 45X credit can provide the support needed for primary aluminium producers to stabilize production and strengthen the US supply of this critical material.”
Read the full story: “US Treasury’s finalized Section 45X a big win for secure supply chains, aluminium manufacturing: sources”
