US Treasury allows miners to access clean energy manufacturing subsidy [Yahoo! Finance]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Yahoo! Finance
a tax credit aimed at boosting American production of solar panels, lithium-ion batteries and other clean energy components, a shift in position after industry pressure. The move reflects the growing realization in Washington that efforts to combat climate change will be moot unless the U.S. boosts its production of lithium, cobalt, and other critical minerals and curbs reliance on China and other overseas rivals. Washington last December issued proposed rules for manufacturers to access the so-called 45X tax credit, created by President Joe Biden's 2022 climate change law, the Inflation Reduction Act, which offers a 10% production credit for U.S.-made products. Those draft rules excluded raw materials from the production costs in favor of processing. For example, the mining of lithium would not have received the credit, but the processing of that lithium into a form usable to build a battery would. The mining industry cried foul, noting that processing is impossible without fir
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SBSW
News
- TSX futures steady after stock sell-off on hawkish Fed decision [Yahoo! Finance Canada]Yahoo! Finance Canada
- Palladium Market Analysis and Developments, Q4 2024, Featuring In-Depth Profiles of 52 Companies Operating in the Global Industry, Including Norilsk Nickel, Anglo American, and Sibanye-Stillwater [Yahoo! Finance]Yahoo! Finance
- CopperCorp Granted New Exploration Licence EL11/2024 Adjacent to Razorback Property [Yahoo! Finance]Yahoo! Finance
- Sibanye-Stillwater teams up with C5 Capital to develop advanced nuclear energy projects [Seeking Alpha]Seeking Alpha
- C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa, the United States and Globally [Yahoo! Finance]Yahoo! Finance
SBSW
Sec Filings
- 12/19/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/9/24 - Form 6-K
- SBSW's page on the SEC website