From Yahoo Finance: 2025-06-12 12:21:00

President Trump’s tax bill eliminates a credit for U.S. critical minerals companies, affecting their ability to compete with China. House passed bill to cut green energy support, Senate debating. Biden’s climate law offers 10% production credit. Miners need credit to survive, as China controls global mineral markets. Industry executives and experts urge Senate to keep the credit. House bill includes funding for a critical minerals stockpile and Pentagon mining loan program. Democrats criticize bill for widening deficit and cutting essential programs. Senate Democrats warn cutting credit will kill jobs and hurt the country. Trump has not commented on the credit debate. Minerals industry depends on credit to combat market manipulation. House bill removes funding for DOE’s Loan Programs Office, affecting lithium projects. Republican senators considering extending green energy tax credits. Minerals processing startup CEO stresses need for industry support to grow U.S. supply chain.



Read more at Yahoo Finance: Analysis-Trump’s tax-cut bill could hold back US critical minerals projects