"The plan aims to produce 10% of the UK's critical mineral needs domestically and recover 20% through recycling by 2035, backed by up to £50 million in new funding and deeper alignment with the Government's national security and industrial goals."
"To meet this challenge, the strategy sets the ambition to produce at least 50,000 tonnes of lithium by 2035 - more than the weight of the Titanic - drawing on the UK's unique geological strengths. These include Europe's largest lithium deposit in Cornwall, major tungsten reserves, one of the world's largest nickel refineries in Swansea, and the only Western producer of rare earth alloys essential for high-performance magnets."
""Critical minerals are the backbone of modern life - powering everything from smartphones and fighter jets to electric vehicles and wind turbines. Britain has been dependent on a handful of overseas suppliers for too long," he said."
The Government launched a Critical Minerals Strategy to reduce dependence on foreign suppliers and secure supplies of lithium, copper, nickel, rare earths and tungsten for EVs, defence, data centres and renewables. The plan targets producing 10% of critical minerals domestically and recovering 20% through recycling by 2035, supported by up to £50 million and alignment with national security and industrial goals. The strategy aims to produce at least 50,000 tonnes of lithium by 2035, leverages major UK geological assets including Cornwall, Swansea and tungsten reserves, and caps reliance on any single country at under 60% by the mid-2030s.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]