Mongolia visit to boost UK critical minerals supply

UK Industry Minister Nusrat Ghani aims to boost opportunities across the critical minerals supply chain in a visit to Mongolia for UK businesses.

The visit also aims to bolster trade and investment ties and marks the 60th anniversary of the UK establishing diplomatic relations with the mineral-rich country.

The visit will also build on the UK’s already strong trade relationship with Mongolia, which was worth more than £200mln in 2022.

The Minister will also take part in commemorative events in the capital of Ulaanbaatar to mark the landmark 60^th anniversary of the UK being the first Western country to establish diplomatic relations with Mongolia.

In addition to meeting senior government leaders, including the Mongolian Deputy Prime Minister and Minister for Economic Development, the Minister will also engage with the Mongolian private sector and business community.

The Minister will also meet representatives of Rio Tinto on how UK businesses in the critical minerals supply chain can capitalise on Rio Tinto’s investment in Mongolia.

Minister Ghani is expected to promote the UK’s capabilities across renewable energy and other sectors spanning the critical minerals supply chain, as well as the UK’s export finance offer to help support large-scale infrastructure projects in Mongolia.

Minister for Industry and Economic Security Nusrat Ghani says, ‘I’m pleased to be here in Ulaanbaatar to build on our historic relationship with Mongolia and unlock even more opportunities for UK businesses in our world-class industries, from transport to green energy and mining sectors.’