Minerals: Exports
The question
To ask the Secretary of State for Business and Trade, with reference to his Department's policy paper entitled UK Critical Mineral Strategy, last updated on 13 March 2024, what recent estimate he has made of the value of critical mineral exports.
Answered by Sarah Jones
In 2024, the UK exported an estimated £10 billion worth of critical minerals. This figure was calculated using HMRC trade statistics, and the definition of “critical minerals” comes from internationally comparable HS trade codes published by the US Geological Survey. This figure does not include the many downstream products that are produced using critical minerals.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →