The British government has announced £50 million in new funding to boost domestic critical minerals production across extraction, processing and recycling, as part of an accelerating effort to reduce dependence on concentrated global supply chains dominated by China
The funding is structured across three pillars: £20 million for a rare earth magnet hub, £25 million for an accelerator programme to help scale projects, and up to £5 million for a platform to aggregate industry demand and unlock private investment
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Source and Credit: mining.com
