FEOC definition leaves most Indonesian nickel outside IRA tax credits: Hotter Commodities

The US Department of Treasury has released its definition of a Foreign Entity of Concern (FEOC) for the purposes of the Inflation Reduction Act (IRA) — and there are big implications for nickel.

A FEOC includes any foreign entity that is “owned by, controlled by or subject to the jurisdiction or direction of a government of a covered nation.” Those countries that currently...

Published

Andrea Hotter

December 01, 2023

19:35 GMT

New York