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Minerals: USA

Asked by Callum AndersonLabourDepartment for Business and TradeTabled Answered 27 February 2026UIN 115286

The question

To ask the Secretary of State for Business and Trade, what estimate he has made of the amount of private capital expected to be leveraged as a result of the UK–US critical minerals partnership over the next five years.

Answered by Chris Bryant

We do not have concrete estimates for private capital that will be leveraged and note that the MoU will serve to advance UK projects beyond just investment, including potential offtake agreements with US industry. In 2024, the UK exported around £2 billion worth of critical minerals and their immediate derivatives to the US, whilst importing around £1 billion originating from the US.

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