On November 22, The UK government unveiled its Vision 2035 Critical Minerals Strategy with the goal of 10% of the nation’s demand for critical minerals coming from domestic production and 20% from recycling within a decade. The UK currently produces just 6% of its critical mineral needs domestically, exposing it to vulnerabilities in global supply chains. The government was pledging up to £50 million on projects boosting domestic production, processing and recycling of critical minerals. A standout feature of the strategy is its emphasis on a circular economy for critical minerals. Rather than relying entirely on new mining, the UK plans to make better use of minerals already embedded in end-of-life products from old batteries and electric motors to wind turbine magnets.
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