UK to invest $66 million in critical minerals to reduce import reliance - Reuters
UK to invest $66 million in critical minerals to reduce import reliance Reuters
Global supply chain vulnerabilities, exacerbated by geopolitical tensions and the CHIPS Act impacting semiconductor production, are pushing nations to secure critical resources.
This investment highlights a growing trend among developed nations to de-risk critical mineral supply chains, recognizing these materials as foundational to advanced industries and national security.
The UK is actively pursuing domestic sourcing and processing of critical minerals, potentially diversifying its supply base and reducing reliance on a few dominant suppliers.
- · UK critical minerals sector
- · UK technology manufacturers
- · Onshore processing companies
- · Western allies seeking resilient supply chains
- · Countries with dominant critical mineral export monopolies
- · Global commodity traders reliant on opaque supply chains
Increased domestic exploration and exploitation of critical mineral deposits within the UK.
Development of new processing technologies and recycling infrastructure for critical minerals.
Shift in global critical mineral pricing power as more nations reduce import dependency.
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Read at Reuters — Technology (Google News)