"Mining Companies Strike Gold With New Climate Law"

"The Inflation Reduction Act, which President Joe Biden signed into law Tuesday, is chock full of mining industry benefits — including a large tax break to any mining company that can produce amounts of minerals central to energy transition products like electric vehicles.

Many in the industry are in full celebration mode.

“It’s a big deal,” said Jonathan Evans, president and CEO of Lithium Americas Corp. “We’re delighted with it.” His company, which is working to build the largest lithium mine in the United States, is considering building a second U.S. mine, he said, citing optimism over the demand for domestic minerals."

Jael Holzman reports for E&E News August 18, 2022.