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<p>The Department has not made any formal assessment of the security of supply of
rare earth elements. However, neodymium and dysprosium are included on the EU’s list
of critical raw materials, because of their high economic importance and high supply
risk. Tellurium is not on that list, but the Government is aware of its scarcity and
importance to manufacturing of alloys and some electronic equipment.</p><p> </p><p>We
enjoy strong relationships with a huge range of companies and business representatives
and through those conversations we have not been made aware of any specific concerns
regarding the supply of these materials.</p><p> </p><p>I can also confirm that I have
not held specific conversations with any country regarding rare earth elements. However,
the UK Government’s long-held approach to ensuring sufficient supply of materials
is through lobbying for free, fair and open global markets. As my rt. hon Friend the
Prime Minister has stated, we want to ensure that we promote the greatest possible
trade with the world.</p><p> </p><p>Through our day-to-day contacts with industry,
we will continue to monitor the situation.</p>
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