UK Invests Millions in Better Raw Material Supply

by | 27. Feb 2023 - 15:57 | Politics

Government provides funding for rare earth recycling research.

The United Kingdom wants to improve the supply of rare earths, which are essential raw materials for green technologies such as electromobility. Under the new CLIMATES program, £15 million (around €17 million) will be made available to support innovation in the recycling of these minerals. Collaboration with international partners will also be bolstered.

In the face of current global challenges, the government is pressing ahead to secure robust supply chains for the growing green tech industries to create future jobs and prosperity across the UK, said Nusrat Ghani, minister of state at the Department for Business and Trade. To that end, key investments by relevant industries will also be supported. Pensana, for example, is receiving support from the Automotive Transformation Fund for the construction of the UK’s first rare earths processing plant, as is Green Lithium’s lithium refinery in Teesside. In addition, the government plans to revise the implementation of its Critical Minerals Strategy for 2023, which was published last summer.

Photo: iStock/LUNAMARINA

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