MINEX Forum

Tag: UK critical minerals strategy

  • Cornwall Is the Engine Room of Britain’s Critical Minerals Future — But Only If Westminster Commits the Capital to Match the Ambition

    Cornwall Is the Engine Room of Britain’s Critical Minerals Future — But Only If Westminster Commits the Capital to Match the Ambition

    The United Kingdom has set an aggressive benchmark: secure at least 10% of its critical mineral needs through domestic production by 2035. Achieving that target is a mathematical impossibility without unlocking the geological wealth of the South West. Cornwall is no longer simply a landscape of industrial heritage — it is the strategic engine room of the nation’s technological and economic future.

    The region holds world-class concentrations of tech-critical metals that map directly onto the materials the modern clean energy economy requires. Cornish Lithium and Imerys British Lithium are actively targeting the production of tens of thousands of tonnes of battery-grade lithium carbonate annually from hard-rock deposits and geothermal brines. The UK’s own strategy includes a standalone goal of producing 50,000 tonnes of domestic lithium per year by 2035 — sufficient to sustain a meaningful electric vehicle manufacturing ecosystem. The planned reopening of South Crofty by Cornish Metals, backed by $210 million in bond financing and a letter of interest from the US Export-Import Bank, positions the region as a primary domestic supplier of tin, the metal that binds virtually all modern electronics and green infrastructure.

    The geopolitical driver behind this Cornish renaissance is what strategists have taken to calling securonomics. China controls the dominant share of the global critical mineral supply chain, giving it leverage over Western manufacturing that has been demonstrated repeatedly through export controls and pricing policy. The UK’s updated Critical Minerals Strategy mandates that no more than 60% of any single critical mineral come from a single foreign partner by 2035. A domestically anchored Cornish supply chain directly insulates British automotive, aerospace and advanced manufacturing sectors from weaponised supply shocks, and aligns with the US-UK Critical Minerals Memorandum of Understanding which emphasises collaborative, secure supply chains among allied nations.

    Cornwall’s environmental credentials add a further competitive advantage. Unlike virgin mining projects in ecologically sensitive regions elsewhere, Cornwall’s ancient mining heritage provides pre-existing, adaptable infrastructure. Modern operators are pioneering a low-carbon co-located model, combining lithium extraction with geothermal power generation to achieve an ultra-low carbon footprint. This makes Cornish minerals particularly attractive to ESG-conscious automakers seeking verifiable sustainability credentials for their battery supply chains. The Camborne School of Mines at the University of Exeter provides the academic and technical depth to support next-generation sustainable extraction technologies at the regional level.

    The barriers are substantial. Scaling up requires capital that competes with the vast subsidy programmes deployed under the US Inflation Reduction Act and the EU’s Critical Raw Materials Act. While initial backing from the National Wealth Fund has helped de-risk midstream processing projects, the funding environment remains insufficient to match the pace of investment mobilised by international competitors. Without more aggressive public capital deployment and sustained regulatory support, the geological potential of Cornwall risks remaining precisely that — potential.

    Britain’s road to industrial independence and technological sovereignty does not bypass the South West. It begins there.

  • Ionic Rare Earths Completes Western World’s First End-to-End Recycled Rare Earth Supply Chain for EV Motor Magnets

    Ionic Rare Earths Completes Western World’s First End-to-End Recycled Rare Earth Supply Chain for EV Motor Magnets

    Ionic Rare Earths has demonstrated what it describes as the Western world’s first complete end-to-end recycled rare earth supply chain for electric vehicle motor magnets, successfully converting Belfast-recycled rare earth oxides into high-specification magnets that passed durability testing at Ford’s UK research and development facility.

    The project, led by the Australian company and supported by the UK government’s CLIMATES initiative, brought together Less Common Metals, GKN and Ford UK in a collaboration designed to test whether recycled rare earth material could meet the exacting quality standards required for EV motor production. The process ran from Ionic’s recycling operations in Belfast — where neodymium, dysprosium and terbium oxides are produced at purities above 99.5% from end-of-life magnets and secondary magnet supply chain materials — through to alloy production by LCM, magnet manufacturing by GKN to Ford’s specifications, and final rotor testing at Ford’s Dunton facility. The recycled material rotor passed the full durability test cycle with results equivalent to rotors produced using conventional production magnets.

    Ionic managing director Tim Harrison described the achievement as the culmination of a landmark technology development. “Ionic Technologies was the first producer of recycled, individually separated magnet REOs in the Western world, and this now proves that its long-loop recycling technology can supply Western supply chains for the most demanding applications,” he said.

    The company received UK government backing in late 2023 to build a commercial rare earth magnet recycling facility in Belfast, which will feed materials to LCM for alloy production, with the resulting magnets intended for Ford’s UK electric vehicle manufacturing operations.

    The demonstration carries policy significance at a moment when the UK is seeking to reduce dependence on imported critical minerals. Under the Critical Minerals Strategy announced in November 2025, the country is targeting domestic production of 10% of its mineral needs and recycling supply of 20% by 2035 — compared with current domestic production accounting for just 6% of critical minerals requirements. The CLIMATES initiative supported 36 circular rare earth projects, with the Ionic-led automotive supply chain designated a flagship.