New Delhi, Nov. 23 -- British Prime Minister Keir Starmer's administration has introduced a plan to boost domestic production of critical minerals, aiming to produce 10% of the UK's needs by 2035, while sourcing 20% from recycling. The initiative includes producing at least 50,000 tonnes of lithium and a £50 million funding boost for local businesses.

In a statement issued on November 22, the Starmer administration said, "The move comes as the Government doubles down on shoring up supply chains as part of its push on national security."

With the £50 million funding, the UK aims to reduce "overreliance" on foreign imports of critical minerals, which are essential elements used in solar panels, wind turbines, electric vehicle ba...