US EditionBritain unveils critical minerals strategy to cut reliance on foreign supply
The UK aims to reduce reliance on foreign minerals to strengthen supply chains amid falling foreign investment and economic challenges, officials said.
- Earlier this year, the UK government unveiled a strategy to cut reliance on foreign suppliers and bolster domestic mineral supply chains amid a $7.3 million foreign direct investment decline.
- The government's move follows fiscal pressure after Britain's primary income deficit widened to 16.8% in the second quarter, while U.K. budget and tax policymakers' uncertainty and the national insurance increase have dampened employers and hiring decisions.
- A Helm survey released Friday found almost two-thirds of entrepreneurial business leaders said they believe the government is anti-business, and Adamides said, `I have seen a founder commit suicide in recent times`.
- Communication frictions emerged when requests for comment to the chancellor's office were not answered, and Alan Mendoza called the government `remorselessly negative`, contrasting the U.S. administration's business stance.
- The transatlantic context matters, as shown by U.S.-U.K. economic ties and a $350 BILLION tech deal on May 22, 2025, while Alan Mendoza noted President Donald Trump says, `USA, USA, USA,`.
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24 Articles
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Britain unveils critical minerals strategy to cut reliance on foreign supply
Britain on Saturday rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035, with targets to source 10% of domestic demand from UK production and 20% from recycling, the government said, as global competition for these essential resources intensifies.
UK to produce 10% of critical minerals domestically to avoid overreliance on imports amid China's rare earths dominance
UK Prime Minister Keir Starmer unveiled a plan to produce 10% of critical minerals domestically by 2035 and recycle an additional 20%. The initiative includes a £50 million funding boost and aims to reduce reliance on foreign imports, enhancing national security and supporting local businesses.
New Government guarantee to strengthen UK critical minerals supply chains
UK-based businesses supplying critical mineral products can now access high-value finance to secure long-term import contracts or invest in domestic capability New Critical Goods Export Development Guarantee will strengthen critical minerals supply chains Support covers minerals including beryllium, chromium, copper and uranium which are essential to the UK’s high-growth exporting sectors Following the publication of the government’s Critical …
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