To amend the Internal Revenue Code of 1986 to designate copper as an applicable critical mineral and to include ore extraction costs for purposes of the advanced manufacturing production credit.

Summary

The bill amends the tax code so copper is treated as a critical mineral for the advanced manufacturing production credit and permits ore extraction costs to be included in that credit. It applies to minerals produced and sold after Dec. 31, 2025, and only to ore extracted in the United States or to certain foreign ore that isn’t sourced from a restricted country. This change could lower tax liabilities for companies that mine, refine, or use copper and other critical minerals in manufacturing.

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