Niocorp Developments Ltd (NB)

[ge11]

https://resourceworld.com/wp-content/uploads/2023/05/ChinaSubsidiesStructuralAdvantages-ReleasedMay2.23.pdf

Interesting document. WHO HAS HEAVY RARE EARTHS??? Wake the F##K UP

PART 6 - RECOMMENDATIONS
6.1 Offsetting China’s Hard Subsidies
The U.S. and its Allies need to develop a solid credible plan to off-set China’s hard subsidies and
monopolistic pricing risks. To accomplish this, a production tax credit for 100 percent domestic
content and downstream value adding, similar to the original 117th Congressional version of
H.R. 5033, is necessary.
197 Policy makers should consider reserving the maximum tax credit for
the production of high-operating-temperature NdFeB magnets containing heavy REEs when
100% of the content is mined and modified in the U.S. (with a lower allowance for highoperating-temperature magnets containing up to 10% Allied content) and a lower tier for lowoperating-temperature NdFeB magnets containing 100% U.S. content, but no heavy REEs. An
alternative would be to have the production tax credit set a baseline for heavy rare earth
magnets having thermal/magnetic stability, as measured by intrinsic coercivity (Hcj),
see 37 of
80o
c or more and provide incentives for increasing thermal stability vs. additional heavy REE
content. This will promote innovation and preserve resources (when produced with 100% U.S.
content and a lesser amount if the magnet included Allied content).see 135 To meet U.S.
national security and technology needs, any new or amended bill must include tax credits to
produce REE base-metals & alloys (not used for magnet production) and garnets.
198 The current
proposed tax credit duration may also prove to be insufficient.