Politics · United Kingdom · 4 hrs ago

MPs warn UK is dangerously exposed to China’s critical minerals dominance

MPs warn UK is dangerously exposed to China’s critical minerals dominance

A UK parliamentary committee says Britain is dangerously exposed to China’s dominance of critical minerals.

These minerals are used in technologies including electric vehicles, artificial intelligence and defence equipment.

China controls 60% of mining for magnet rare earths, and the committee says Britain lacks enough information about its mineral needs and supply risks.

The committee wants the Government to map dependencies and identify which capabilities Britain should develop at home.

It also recommends expanding domestic mining, processing and recycling, while reducing processing costs and sharing investment with allied countries.

A proposed Critical Mineral Finance Facility would support strategic projects with tools such as loans and long-term purchase agreements.

The Government’s 2025 strategy aims to meet 10% of UK demand through domestic production and 20% through recycling, but the committee says reducing supply risks will take more than a decade.

2 sources

Related

What people are saying

Liam ByrneChair of the Committee
We cannot re-arm Britain, build AI or deliver net-zero unless we secure the minerals these technologies depend on.
via edie
Yet sixteen years after China first weaponised its chokehold over rare earths, Britain remains dangerously exposed.
via edie
We’re never going to eliminate Chinese minerals from our supply chains.
via edie
De-risking even a prudent proportion of our supplies will take over a decade.
via edie