The Minerals Security Partnership - Oliver Richards, DBT

Описание: Oliver Richards, Head of the Critical Minerals team at the UK Department for Business and Trade (DBT), kick-starts the first session of the CMA (UK)'s 2024 Annual Conference, dedicated to the UK Approach to Critical Minerals.

Oliver provided context for the UK Government’s new strategy, which will be underpinned by the new Industrial Strategy, Invest 2035, as well as a goal to make Britain a clean energy superpower. Oliver pointed to Prime Minister Keir Starmer’s launching of the Global Clean Power Alliance at the G20 in Rio de Janeiro on 19 November, as well as the establishment of Great British Energy to drive clean energy deployment and turbocharge energy independence.

The UK’s approach to critical minerals is characterised by three priorities: to secure supply for UK industry; deliver economic growth for the UK; and contribute to the global resilience of critical mineral supply chains. Oliver highlighted the various funding initiatives that are supporting this, such as the Automotive Transformation Fund at the Advanced Propulsion Centre UK (APC UK), the creation of the National Wealth Fund (NWF), and credit financing from UK Export Finance (UKEF).

The UK is also collaborating with its international partners to achieve its critical mineral ambitions. Oliver provided a comprehensive list of the UK’s bilaterial agreements and multilateral engagements, including the Minerals Security Partnership (MSP) - a group of 15 member nations, led by the United States and European Union, committed to bolstering public and private investment into strategic mineral projects of high ESG standards. MSP strategic projects include Pensana and HyProMag, both of which are helping to fortify REE supply for the UK and its allies.

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