Asked by: Perran Moon (Labour - Camborne and Redruth)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help increase the production of cathode active materials for use in the (a) critical minerals and (b) battery supply chain.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
Our vision is to achieve a domestic battery supply chain by 2030 by accelerating the growth of domestic capabilities, collaborating with international partners, and enhancing international markets. The UK National Wealth Fund (NWF) announced in January an investment of £28m in Cornish Metals. This recognises the crucial role of a domestic supply of raw materials for electric vehicles and other technologies in the nation's transition to net zero.
We are also working on regulatory levers to incentivise reuse, repurposing, and recycling infrastructure for all battery chemistry types, including lithium-based technologies.