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UK Risks Falling Behind in Rare Earths Race

12/2/2025

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Story summary
  • Tim Harrison, managing director of Ionic Rare Earths, says Britain risks falling behind the United States and China, jeopardizing Belfast magnet recycling plant.
  • Harrison says the UK relies on China for rare earths and calls for government backing to boost confidence.
  • The Department for Business and Trade plans to roll out funds under critical minerals strategy next year.
  • US investments in rare earth projects continue to outpace United Kingdom’s efforts.