General · 22 June 2026
UK puts £50 million into key minerals
Everyday items could have steadier supplies as Britain puts more money into producing and reusing materials used in phones, fridges and electric vehicle batteries. Industry Minister Chris McDonald announced a £50 million investment on 21 June to expand local extraction, processing and recycling. Funding includes £20 million for a rare earth magnet hub, £25 million for project growth and up to £5 million for a demand platform.
Reported by Reuters · How we write briefs