Altilium welcomes the publication today of the UK Government’s Task & Finish Group Report on Industry Resilience for Critical Minerals, which highlights the important role recycling will play in ensuring a secure domestic supply chain for CRMs in the UK and calls for further financial incentives to support circular economy solutions and the development of midstream processing.

The detailed report also provides an extensive overview of current projects and infrastructure in the UK, including Altilium’s market leading battery recycling activities, and highlights the growing opportunity for extracting lithium from end-of-life EV batteries.

Altilium is currently the only company using hydrometallurgical processes for the recycling of end-of-life lithium-ion batteries in the UK and is championing the development of a domestic circular economy for low-carbon battery materials.

According to the report, the UK needs to act now to build resilient supply chains for key UK industries, including the automotive sector, which contributes £67 billion in turnover and £14 billion value added to the UK economy.

As the report notes: “To remain competitive and meet the growing demands of UK industry, the UK should consider focusing attention on building capability in midstream processing, as well as building a circular economy to capture the value of materials already in the country.”

The full report is available to download here.