BTCC / BTCC Square / Global Cryptocurrency /
UK Unveils Strategy to Reduce Dependence on Foreign Critical Minerals

UK Unveils Strategy to Reduce Dependence on Foreign Critical Minerals

Published:
2025-11-23 17:28:01
12
3
BTCCSquare news:

The UK government has announced a bold new strategy aimed at reducing its reliance on foreign suppliers for critical minerals, including rare earth metals, lithium, nickel, and tungsten. These materials are essential for manufacturing everything from military hardware to renewable energy technologies and electric vehicles.

Backed by £50 million in funding, the plan sets a target to ensure no more than 60% of the UK's supply of any single critical mineral comes from one country by 2035. Domestic production and recycling are expected to account for 10% and 20% of supply, respectively.

Prime Minister Keir Starmer emphasized the strategic importance of these minerals, calling them the backbone of modern life and national security. The plan faces significant challenges, as the UK currently produces only 6% of its critical mineral needs domestically.

Lithium production is a key focus, with a goal of 50,000 tons annually by 2035. The MOVE comes as nations globally seek to secure supply chains for materials vital to technological advancement and energy transition.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.