Mandatory regime · Tier 1 · In force
US Inflation Reduction Act — Critical Minerals
EV tax-credit provisions requiring battery critical minerals to be extracted/processed in the US or an FTA partner, with Foreign Entity of Concern exclusions — driving demand for documented non-Chinese provenance.
At a glance
- Jurisdiction
- US
- Status
- In force
- Type
- Mandatory regime
- Effective
- 1 January 2023
- Citation
- Inflation Reduction Act §13401 (26 U.S.C. §30D)
Who and what it covers
Sectors
Applies to
Requirements
What IRA Minerals requires.
- Provenance documentationMandatory
- Documentation of the country / site of extraction and processing.
- Foreign Entity of Concern screeningMandatory
- Screening confirming no Foreign Entity of Concern in the extraction/processing chain.
- Chain-of-custody recordsMandatory
- Chain-of-custody records tracing the mineral from source through processing.
How Commodity Plus helps
Capture the evidence as part of the trade, not after it.
The Commodity Plus compliance package tracks per-regime requirements, stores evidence in an auditable vault, and generates the statements buyers and regulators ask for — across every regime your trade touches.
Frequently asked
- What is IRA Minerals?
- EV tax-credit provisions requiring battery critical minerals to be extracted/processed in the US or an FTA partner, with Foreign Entity of Concern exclusions — driving demand for documented non-Chinese provenance.
- What does IRA Minerals require?
- Key requirements include: Provenance documentation; Foreign Entity of Concern screening; Chain-of-custody records.
- When does IRA Minerals take effect?
- IRA Minerals takes effect on 1 January 2023.
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