The government has published its new strategy on critical minerals supply chains, with a report on what it means for business featuring in today's Daily Update.
Marco Forgione, the director general of the Chartered Institute of Export & International Trade, has responded to the announcement to say:
"The publication of the government’s Vision 2035: Critical Minerals Strategy marks a pivotal moment for the UK as we continue to reposition to diversify supply chains and strengthen our trading relationships globally. This is particularly important given the current vulnerabilities in critical minerals supply chains.
"By forging deeper links with partners across the United States, India, Europe, and beyond, we are not only securing access to essential resources but also creating opportunities for shared innovation and resilience. It is vital that African nations are not overlooked as the UK considers which markets to intentionally engage with.
"From the international to the domestic, the strategy places emphasis on regional clusters - from Cornwall to Teesside - which will be the backbone of our domestic capability, particularly in relation to defence supply chains. Our members, all around the UK, will be impacted by growth or decline in these areas.
"Trade and investment are, indeed, two key drivers of growth and it’s important that the strategy recognises the importance of mobilising investment through promoting the UK’s capital markets to attract investment into critical minerals supply chains. We are proud to be co-secretariat of the APPG for International Trade & Investment, which is a powerful vehicle for promotion.
"We are also pleased to already be engaging with officials on the new Supply Chain Centre, announced earlier this year in the Industrial Strategy, and will continue to support them in mitigating supply chain risks for our members and beyond."
