Signal New UK Critical Minerals Strategy due in 2025

Summary

The report states that the government intends to work with industry on a new Critical Minerals Strategy to be published in 2025. The strategy will draw on the updated criticality assessment produced by the UK Critical Minerals Intelligence Centre. Its aims are to secure supply chains over the long term and to drive the growth of green industries. Funding has also gone into strengthening domestic critical mineral supply chains by expanding the circular economy, and a Circular Economy Strategy is being drawn up by Defra. Through the International Organisation for Standardisation, UK experts and the British Standards Institution are helping shape global technical and sustainability standards for supply chains. The report judges that such steps help reduce standards-related friction in international trade in critical minerals.