Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps are being taken to develop domestic processing and recycling of critical minerals.
The Government’s 2025 Critical Minerals Strategy sets out clear steps to expand domestic processing and recycling. We are harnessing UK strengths in midstream processing and advanced recycling, supported by strong research institutions and government-backed financing such as DRIVE35, the National Wealth Fund and UK Export Finance.
The Strategy also includes an ambition for 20% of UK demand to be met through recycling by 2035. Government intends to publish the Circular Economy Growth Plan soon to further strengthen circularity and recovery.
New funding of up to £50 million will be made available later this year to support critical mineral projects, including projects in midstream processing and recycling. Further detail will be announced later this year.