UK Unveils Strategy to Reduce Dependence on Foreign Critical Minerals
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.