US Climate Bill: a significant step towards net zero and a boo for natural resources

The IRA supports existing efforts in the US to transition to a net zero economy and acknowledges the need for cheap, renew energy to lower inflation and for security of energy supply. The provisions are likely to increase the demand for natural resources, including copper, lithium, cobalt and nickel used in EV batteries. Unprecedented certainty on renewable tax credits is set to stimulate and accelerate investment into the renewables sector.