Securing technology-critical metals for Britain

Abstract

In the next 5-10 years the UK is going to see dramatic changes to many of its large industrial sectors, such as automotive, aerospace, and energy generation, as we move from a fossil-fuel-driven society to an electrically driven one. Many of these industries will be dependent on technology-critical metals (TCMs), for example, cobalt and lithium for the batteries in electric vehicles and rare-earths used in the magnets for electric motors and wind turbines.

Many regions of the world, including the EU, have been developing strategies to access these technology-critical metals for their key industries, while the UK has lagged behind. The challenges already faced around access to key technology metals are potentially complicated for the UK by the nation’s exit from the EU, and the uncertainty that this has created with regard to trading relationships around the globe. It is in this challenging context that the UK must now fashion its own independent policy for access to technology critical metals.