The strategy will see the Government work with the sector to harness the UK’s world leading capability with Europe’s largest lithium deposit in Cornwall, one of the largest sources of tungsten globally, one of the largest nickel refineries in Europe in Clydach, Swansea and the only Western source of rare earth alloys used in the magnets found in wind turbines and F-35 fighter jets, amongst others. To achieve the strategy’s bold aims the Government will also support permitting for innovative projects in domestic production and recycling through the Environment Agency’s priority tracked service, and work with Skills England and the Department for Work and Pensions to support the skills required in the UK to meet the Strategy’s goals. Government has already backed critical minerals businesses across the UK with over £165 million, and together with support from the National Wealth Fund, UK Export Finance and other public finance streams, this fund will drive growth in the sector across the country and help the UK move ahead in the global race to secure supplies of these minerals.
Author: Department for Business and Trade
Published at: 2025-11-22 22:30:02
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