Critical Minerals Strategy Debate
Full Debate: Read Full DebateRichard Foord
Main Page: Richard Foord (Liberal Democrat - Honiton and Sidmouth)Department Debates - View all Richard Foord's debates with the Department for Business and Trade
(1 day, 5 hours ago)
Commons Chamber
Chris McDonald
My hon. Friend asks from where the remaining 70% of the UK’s critical minerals will be sourced. Of course, for some of those critical minerals, the UK will be able to produce more than our own domestic needs, and that enables us to enter into trading arrangements. I have already met my opposite number in the Canadian Government. Canada, of course, has extremely rich resources in this area, and the US is also very active. I mentioned some of the multinational organisations we are working through, not least NATO. It is through those arrangements and through trading arrangements with such nations that we will ensure diversity of resources where we do not have those resources ourselves in the UK.
The Minister mentioned that Devon is home to the world’s largest deposits of tungsten. Tungsten is used in medical devices, robotics and defence applications, yet 80% of global demand for tungsten is being met by China. Will any of the £250 million that the Government have announced in their defence growth deal go towards tungsten mining in Devon?
Chris McDonald
We are determined to ensure that we exploit all the natural resources I mentioned that are available in the UK. The hon. Gentleman mentioned China’s strong grip on the processing of minerals, and that goes back to my earlier point about processing. It is one issue to get the raw materials from primary or secondary sources, but we also need to ensure that we attract investment in the UK for processing, too. There is certainly an opportunity for processing to be co-located alongside the natural resources in Devon, if that were considered a beneficial economic opportunity.