Minerals
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential implications of China's restrictions on rare earth exports for trade policy; and what steps he is taking to diversify critical minerals import sources.
Answered by Chris McDonald
We are aware of China's changes to its export controls on rare earth elements. We are concerned about the potential impact of these measures on global supply chains. We are engaging with China’s Bureau of Industry, Security, Import and Export Control to support UK companies applying for licenses and ensure steady supply to UK users.
We are taking action with like-minded partners, including in the G7, to diversify supply chains. Our upcoming Critical Minerals Strategy sets our long-term approach for securing critical minerals. It also outlines how this will be achieved by refining our approach to domestic production, the circular economy, the UK’s future demand, international partnerships and responsible and transparent supply chains.
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