The UK 2024 Criticality Assessment has identified 34 minerals as “critical” out of 82 materials assessed, marking a significant increase from the 2021 assessment, which designated only 18 minerals out of 26 as critical. Notable new additions to the list include nickel, iron, germanium, aluminium and chromium, while palladium has fallen below the criticality threshold.
The updated list reflects a broader scope and advances in the methodology used to assess mineral supply risks. The report highlights several key factors driving this shift, particularly technology-driven demand for minerals like lithium and rare-earth elements, which are essential for electric vehicles, wind turbines, and other technologies. Materials needed for harsh environments and the rise of artificial intelligence also play a significant role in increasing mineral demand.
Trade regulations have also been identified as a major factor affecting mineral supply, along with the potential role of recycling, which can help sustain supply chains, although its effectiveness varies by mineral type.
The findings aim to enhance the UK’s economic resilience by ensuring a reliable supply of critical minerals for the future. The study was conducted by the UK Critical Minerals Intelligence Centre (CMIC), hosted by the British Geological Survey (BGS) and commissioned by the UK Department for Business and Trade.
Gavin Mudd, Director of the CMIC, emphasized the growing complexity of the supply chains supporting the UK economy. He noted that while global criticality assessments share similarities, the UK’s economic demands are unique, and it is crucial to align mineral demand with sustainable and reliable sources of supply to mitigate potential disruptions.
