Innovate UK funds rare earths recycling research

Innovate UK has announced a £15m programme to boost recycling of rare earth elements in order to strengthen critical supplies.

Rare earth elements are required in products ranging from electric vehicles to washing machines and laptops, with global market demand expected to quadruple by 2040.

“The impact of Russia’s war in Ukraine on energy has been timely,” said business and trade minister Nusrat Ghani. “That’s why we are focused on securing robust supply chains for the growing green industries that will deliver jobs and prosperity across the UK.”

Rare earths exploration company Pensana launched a £145m magnet materials refinery in East Yorkshire in July, while Green Lithium announced in November that it would build the UK’s first large-scale lithium refinery in Teesside. Both investments are supported by the Government’s Automotive Transformation Fund.

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Pensana plc

More articles like this

Pensana plc

US grant boosts Angola’s critical mineral sector

A recent statement from the White House has brought attention to the US$ 3.4 million technical assistance grant provided to Pensana in October. This grant is aimed at expanding the company’s mining operations, with a focus

Pensana plc

Advancing global climate and energy solutions

The U.S. International Development Finance Corporation (DFC) has announced over $3.7 billion in climate finance investments for Fiscal Year 2024, marking a significant stride in addressing global climate and energy challenges. This commitment underscores the U.S.

Pensana plc

Leading sustainable rare earth supply in Europe

Leading sustainable rare earth supply in Europe The rare earth elements (REE) sector has emerged as one of the most strategically important industries in today’s global economy. As critical inputs for modern technology, these elements play

Pensana plc

Industrial uses and global production of Rare Earth Elements

Rare earth elements, a group of 17 metallic elements, possess unique magnetic, luminescent, and electrical properties that make them valuable for various industrial uses. Despite the presence of these elements in mineral ores worldwide, their production

Pensana plc

Rare Earth Elements in high-tech and energy devices

Rare-earth elements (REEs) play a critical role in a range of high-tech devices, from smartphones and digital cameras to computer hard disks and electronic displays. They are also vital to clean energy initiatives and defence technologies,

Pensana plc

The unique qualities and future potential of Rare-Earth Elements

The unique properties of rare-earth elements (REEs) make them critical to many high-tech applications. Despite the misleading name, these elements are not particularly scarce in the Earth’s crust, though they are typically found in low concentrations.

Pensana plc

Critical Minerals Africa event in Cape Town featuring Pensana

Critical Minerals Africa (CMA) is a significant event that brings together governments, international presidential and ministerial delegations, provincial authorities, and various stakeholders from global finance, mining, manufacturing, and technology sectors. The event is held in Cape

Pensana plc

The importance of Rare Earth Elements

The rare earth elements (REE) are a group of seventeen metallic elements. These include the fifteen lanthanides found on the periodic table, along with scandium and yttrium. While these elements may not be well-known to many