PARLIAMENTARY DEBATE
Rare Minerals and Metals - 25 October 2022 (Commons/Commons Chamber)

The Government published the critical minerals strategy last summer, which sets out plans to accelerate the UK’s domestic capabilities, collaborate with international partners, and enhance international financial and trading markets. We are expecting to publish a delivery plan by the end of the year to refresh the strategy and ensure that we understand the global race for critical minerals.

Once again, my hon. Friend is a staunch advocate for North West Durham and its businesses, particularly Weardale Lithium. We are absolutely committed to ensuring that we have resilience and security of supply. The Government are committed to building domestic critical mineral supply chains and generating jobs and wealth across the UK—for example, by supporting lithium projects in County Durham via the automotive transformation fund. He has often spoken about China; resilience is key.

The Government’s plan for net zero by 2050 is unplanned and uncosted. On top of that, we now have the difficulty of finding the metals that are needed for batteries, magnets and the required systems, because China controls 60% of earth metals. Only this week, a Finnish Government report indicated that there is not enough lithium in the world for the batteries that are required for motor cars and battery storage. How will the Government deliver on that unrealistic target?

There is indeed a race to secure critical minerals, especially when countries such as China own so much of them. By 2040, the world is expected to need four times as many critical minerals as we can access today for clean energy technologies, but there is work under way in collaboration with international partners and in the UK with the Critical Minerals Intelligence Centre.