UK and US Forge Critical Materials Investment Pact

The UK and US have announced a partnership focused on increasing investment in supply chains for critical materials used in smartphones and fridges. This initiative aims to foster collaboration between the two countries, encouraging private sector involvement in mining and processing activities.

Britain has unveiled a significant partnership with the United States targeting increased investment in supply chains for essential materials pivotal to technology like smartphones and appliances.

This strategic alliance, announced on Thursday, solidifies commitments between both nations to enhance collaboration and inject greater private investment into critical sectors.

In a government statement, this partnership underscores efforts to closely work together, with a spotlight on boosting industries such as mining and processing, crucial for maintaining technological advancement.

(With inputs from agencies.)