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UK chancellor to unlock financing for critical minerals supply

Financial Times LogoFinancial Times5d ago

UK chancellor to unlock financing for critical minerals supply - Financial Times

Quick Summary:

The UK is part of a coalition of 14 nations and the European Commission called the “Minerals Security Partnership”, which is trying to increase international collaboration and co-financing for the sector.

They added that the decision strengthened “UKEF’s world-leading export finance support”, bringing the country in line with competitors.

Chinese companies control 90 per cent of the world’s processing capacity for rare earths and more than half the processing capacity for nickel, lithium and cobalt.


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Article Details

Author / Journalist: Camilla Hodgson

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 23:01:05 (5 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23231318

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 7 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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