UK govt plans to enhance support for critical mineral imports, aiming to reduce reliance on China.

The UK government plans to enhance support for companies importing critical minerals like lithium, cobalt, and graphite, aiming to reduce reliance on China. In the October 30 Budget, Chancellor Rachel Reeves will announce access to UK Export Finance for firms with long-term contracts with British exporters. This initiative seeks to secure supplies for vital industries, including electric vehicles and renewable energy, and facilitate mineral extraction from countries like Australia.

October 24, 2024
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