U.S. Treasury Allows Some Miners to Access Domestic Manufacturing Tax Credit

October 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Treasury Department released the final rules for the Inflation Reduction Act's Advanced Manufacturing Production Credit (AMPC), also known as the 45X tax credit, which now applies to some miners. Following industry pressure, the 45X credit includes the extraction, processing and/or refining of designated critical minerals, although it does not solely apply to mining costs.