https://lnkd.in/eKbm6C4Z Green Lithium’s refinery in Teesside is set to become a key importer of critical raw materials and, after processing, a UK exporter of battery chemicals. This new export finance offering from UKEF is exactly the kind of initiative that will help UK businesses strengthen relationships with international partners, especially in Central Asia, and contribute to the development of stronger international supply chains. It also supports the industrial development of critical minerals in the UK. The UK government is a founding member of the US-initiated Minerals Security Partnership (MSP), which aims to help member economies secure stable access to critical minerals. UKEF announcement follows the recent launch of an MSP finance network, in which UKEF collaborates with other export credit agencies and financial bodies to help de-risk and increase financing for critical minerals projects. UKEF has also leveraged its existing products to bolster the UK's capability in critical minerals production. It recently announced a guarantee supporting machinery exports to Uzbekistan’s largest copper-production facilities at Almalyk GOK. The growing partnership between the UK and Central Asia is essential for securing supply chains of critical raw materials and ensuring the sustainable development of the mining industry. To further discuss these opportunities, join us at the MINEX Eurasia conference on 2 December in London. This event will focus on critical raw materials partnership opportunities in Central Asia and Mongolia. For more details, visit [www.minexeurasia.com](https://lnkd.in/eTZSqs8b). #Mining #GreenTech #CircularEconomy #NetZero #MinexEurope #IndustryInsights #CriticalRawMaterials #MinexEurasia
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"In a strategic initiative to strengthen its key industries, the UK government, through UK Export Finance (UKEF), is extending financial support to overseas projects that are critical for extracting minerals essential to the nation's industrial sectors." -- Critical Minerals Institute (CMI)
UK Government Offers a Helping Hand to Companies that Extract Critical Minerals - InvestorNews
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Following last week’s UK Budget, the United Kingdom’s export credit agency, UKEF, announced it intends to provide an updated offering of financial support for overseas projects capable of supplying the critical minerals necessary for the UK’s industrial growth, and its continued net zero energy transition momentum. As the UK’s only market-listed current producer of the critical mineral, natural graphite, Tirupati Graphite very much welcomes the UKEF policy update and the initiative shown by all involved. The policy is a welcome tool seeking to establish significant long term relationships between critical mineral project developers and public & private financial institutions to support financing of vital projects and investment into diversification of vital supply chains. This comes after a period that has seen geopolitical risk grow at the forefront of consumers’ security of supply concerns. There have been various interventions by state actors following export restrictions, legislation and tax incentives implemented around the world over the past 18 months. These have sought to insulate economies from supply risks as the necessity for critical minerals, such as #graphite, for establishing new-economy industries in the likes of the transportation and battery energy storage sectors has become clearer. Tirupati Graphite looks forward to engaging with the likes of UKEF as it continues to work towards its strategy of becoming a major global alternative source of natural graphite. The Company thanks Kirsty Benham and the Critical Minerals Association (UK) for being a continued voice on behalf of the UK’s critical minerals industry and for its work supporting initiatives such as this, and liaising between industry and government. Link to UKEF policy announcement: https://lnkd.in/exv9Fjk8 #criticalminerals #graphite #mining #energytransition
UK approves use of export finance to secure critical minerals
gov.uk
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The newly established Minerals Security Partnership #MSP Finance Network aims to strengthen international cooperation and co-financing opportunities to advance diverse, secure, and sustainable supply chains for critical minerals. Launched this week on the margins of #UNGA, the MSP Finance Network brings together the development finance institutions and export credit agencies of MSP partner governments, including Australia, the US, Canada, the EU, Korea and Japan. In a joint statement, released by the U.S. Department of State, the network highlighted ASM's Dubbo Project as one of the globally strategic critical minerals projects with the potential to support the objectives of the MSP - having received indicated funding support from Export-Import Bank of the United States, Export Development Canada | Exportation et développement Canada and Export Finance Australia. Read the joint statement ➡ https://lnkd.in/e63dHA8t Learn more about the MSP ➡ https://lnkd.in/gQCG8kyb #DubboProject #rareearths #rareearthelements #criticalminerals #criticalmetals #minetometals #collaboration #UNGA79
Joint Statement on Establishment of the Minerals Security Partnership Finance Network - United States Department of State
https://www.state.gov
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The United States and Australia are taking significant steps to bolster their cooperation in #critical minerals through the launch of the Single Point of Entry initiative, a collaborative effort between Export Finance Australia (EFA) and the Export-Import Bank of the United States (U.S. EXIM). This collaboration between the U.S. and Australia underscores the growing importance of secure and #diversified critical minerals supply chains in the global transition to #sustainable energy. #CriticalMinerals #EnergySecurity Read more below👇 https://lnkd.in/eMfQDRJt
U.S. and Australia cooperate on critical minerals funding
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📢 UK Budget Expands Financing for Critical Minerals Imports 📢 In a strategic boost, the UK government will allow companies importing critical minerals for manufacturing to access UK Export Finance. This move aims to strengthen supply chains in high-growth sectors like EVs, aerospace, and clean energy, aligning with Net Zero goals. While the details remain to be seen, this policy brings the UK closer to global counterparts in securing vital resources. Exciting times for innovation, resilience, and sustainable growth in the UK manufacturing landscape! #CriticalMinerals #NetZero #UKBudget #SupplyChain
UK Budget delivers olive branch to critical minerals
mining-journal.com
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Trafigura’s Chairman, Jeremy Weir, spoke at the opening session of this week’s Future Minerals Forum in Riyadh, where he discussed the importance of building resilient supply chains to support growing demand for the metals needed for electrification, digitalisation and industrialisation. Jeremy emphasised the geopolitical and economic advantages of controlling the entire supply chain in today’s increasingly complex global landscape, particularly as a new wave of infrastructure investment shifts its focus to power, data, and communications. He also underscored the importance of downstream processing in building resilient supply chains— a vital aspect that often goes overlooked by policymakers despite its critical role alongside investment in new mines. With most industrial metal smelters worldwide operating at a loss due to historically low treatment charges, Jeremy stated that attracting private investment in new facilities would be challenging without government support and policies such as strategic stockpiling or government-backed offtake agreements. Finally, Jeremy stressed that one of the most effective ways to encourage investment in clean commodity supply chains is through the implementation of a global price on greenhouse gas emissions, to align economic incentives with environmental goals. #ConnectingVitalResources #Trafigura #EnergyTransition #CarbonPricing #CriticalMinerals
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Critical minerals are essential for a range of emerging and sustainable technologies like electric vehicles, solar panels and wind turbines. That’s why UK Export Finance is rolling out its Overseas Critical Minerals Supply Finance, helping UK exporters secure essential raw materials like lithium for EV batteries and cobalt for energy storage. 🔋 Central Asia is set to play a big role here: - Uzbekistan is among the top producers of uranium and rhenium, along with Almalyk complex being one of the largest producers of copper in Central Asia. 🇺🇿 - Mongolia with untapped mineral wealth - estimated between $1-$3 trillion, with only 25% of the country having been surveyed. 🇲🇳 - Kazakhstan is leading in chromium and zinc 🇰🇿 If you are a UK business and you want to find out more about how you can use UKEF to export across the region in this sector, each out to Sebnem Alp, Irem Kayhan, or Sevara Madgazieva. Read more 👇
UK approves use of export finance to secure critical minerals
gov.uk
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Great piece from the Australian Strategic Policy Institute: "Australia is well placed to benefit from the demand for #criticalminerals, but it must figure out how to build sustainable supply chains with allies while competing with a country like China that can escalate price risk at will. So what is to be done? In Australia and elsewhere, one policy response has been to offer soft loans. Last year, the Australian government doubled its commitment to Export Finance Australia’s Critical Minerals Facility to $4 billion. The soft loans are helpful but alone are not enough. To fully establish sustainable supply chains, we need to secure long-term offtake agreements at workable prices from allies. Australia should similarly invest in common user infrastructure." We couldn't agree more. #vanadium #batterymetals #energytransition https://lnkd.in/grExEGeq
Critical minerals need insulation from China’s market manipulation | The Strategist
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New Critical Mineral Laws: Impact on Foreign Investments 🇨🇦 Recent developments have raised concerns in the investment community, particularly the Government of Canada decision to cancel the SRG graphite deal, now known as Falcon Metal. This action underscores the need for clarity in the new laws governing critical minerals. Minister François-Philippe Champagne’s regulations are designed to protect Canada’s strategic assets. However, the cancellation of deals involving companies with no physical assets or plans in Canada may inadvertently stifle foreign investments. This lack of clarity could deter potential investors from engaging with listed issuers on the stock market, thereby limiting the growth and development of our critical minerals sector. It’s essential for the government to provide clear guidelines and support for foreign investments while ensuring national security. A balanced approach will help attract the necessary capital to develop our critical mineral resources and maintain Canada’s competitive edge. Matthieu Bos article in financial time describes recent move of the company to #uea #InvestingInCanada #CriticalMinerals #ForeignInvestment #MiningSector #RegulatoryClarity #graphite #mining https://lnkd.in/gqN2FJAe
Canadian miner moves to UAE as Ottawa raises bar for foreign investment
financialpost.com
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📢 Strengthening UK’s Access to Critical Minerals for Industrial Growth & Net Zero Transition Today, the Chancellor announced a significant boost for UK industries with new export credit financing aimed at securing critical minerals, essential for long-term growth and innovation. Through UK Export Finance (UKEF), the government will offer credit guarantees to overseas projects, helping British industries like automotive, aerospace, and defense secure stable, diversified access to vital materials like lithium, graphite, and cobalt. As global demand for these minerals rises, this initiative empowers UK manufacturers to forge resilient supply chains and build partnerships in resource-rich countries, including Australia. By supporting emerging and sustainable technologies—such as EVs, solar panels, and wind turbines—the UK strengthens its industrial base and drives progress toward net zero. Jonathan Reynolds, Secretary of State for Business and Trade, underscored this move as essential to maintaining the UK's competitive edge in the race for critical resources. Kirsty Benham, CEO of the Critical Minerals Association, welcomed the offering, emphasizing the UK’s role as a strong partner in the international critical minerals market. Sean Sargent, CEO of Green Lithium, noted this support as transformative for the UK’s industrial future, including Green Lithium’s Teesside refinery, set to become a key player in the battery chemicals supply chain. As a founding member of the Minerals Security Partnership, the UK is committed to building resilient, responsible supply routes. Today’s announcement marks a vital step in ensuring UK industries are prepared for a sustainable, globally connected future. 🌍 #CriticalMinerals #UKIndustry #NetZero #ExportFinance #IndustrialGrowth Learn more about Critical Minerals Supply Finance: https://lnkd.in/eKS9ZFgR
Critical Minerals Supply Finance - UK Export Finance
ukexportfinance.gov.uk
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