-
UK suffers blow in bid to become minerals superpower - as it's snubbed by its own leading firm
Britain's hopes of becoming a critical minerals superpower have been dealt a severe blow after one of its leading companies abandoned its plans to build a rare earths refinery near Hull. Pensana had pledged to build a £250m refinery on the banks of the Humber, to process rare earths that would have then been used to make magnets for electric cars and wind turbines. The plant promised to create 126 jobs and was due to receive millions of pounds of government funding. However, Sky News has learnt that Pensana has decided to scrap the Hull plant and will instead move its refining operations to the US. Pensana's ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From ons.gov.uk|Oct 16, 2025Production output was estimated to have decreased 0.3% during the three months to August 2025, compared with the three months to May 2025. The largest negative contributor to the ...
From ons.gov.uk|Oct 16, 2025Total construction output is estimated to have grown by 0.3% in the three months to August 2025. Over the three-month period, new work fell by 0.4%, and repair and maintenance ...
From ons.gov.uk|Oct 16, 2025|1 commentThe value of goods imports was unchanged in August 2025, with a rise in imports from the EU offset by a fall in imports from non-EU countries. The value of goods exports fell by ...
-
- Newer Stories
From bankofengland.co.uk|Oct 16, 2025Lenders reported that the availability of secured credit to households increased in the three months to end-August 2025 (Q3) and was also expected to increase over the next three ...
From @financialjuice|Oct 16, 2025|1 commentECB's Kocher: ECB is at the end of rate cutting, or very close - WIWO ECB's Kocher: It's important to keep ECB powder dry for potential crises
From istat.it|Oct 16, 2025In August 2025, seasonally adjusted data, compared to July 2025, decreased both for exports (-2.7%) and imports (-3.7%). Exports rose by 2.1% for EU countries, while they fell for ...
- Story Stats
- Oct 16, 2025 2:24am Posted byFundamental Analysis214
