General · 22 June 2026
UK puts £50 million into key minerals
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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