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1542468

registered interest
date	15/11/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Minerals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential merits of including hafnium on the list of critical minerals.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	88038
answer	answer is ministerial correction date of answer 23/11/2022 answer text <p>Many minerals, such as Hafnium, have important uses but, by necessity of focus, only some are “critical”. These “critical minerals” are not only vitally important: they are also experiencing major risks to their security of supply. These risks can be caused by combinations of factors including, but not limited to, rapid demand growth, high concentration of supply chains in particular countries, or elevated levels of price volatility.</p><p> </p><p>Earlier this year, BEIS commissioned the British Geological Survey to carry out the UK’s first criticality assessment and it defined 18 critical minerals with the highest supply risk and economic importance; it did not identify Hafnium as a critical mineral on this basis.</p><p> </p><p>The Government has not made an assessment of the impact of rising prices of Hafnium on UK superalloy producers. However, we recognise that the UK need on critical minerals and its international markets can change, and therefore the assessment will be reviewed regularly through the Critical Minerals Intelligence Centre (CMIC). The next review will be completed in Spring 2023.</p><p> </p><p>For many minerals, we will continue to rely upon and champion an effective and efficient market. Where the market already provides a responsible and resilient supply, we see no case to interfere. Where the markets are less developed, are less transparent or have issues, we want to work with business and international partners to make markets more resilient for the long term.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani grouped question UIN 88039 88040 question first answered 23/11/2022 17:07:02 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4866 label Biography information for Alexander Stafford

1542469

registered interest
date	15/11/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Hafnium: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the impact of rising prices of hafnium on UK superalloy producers.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	88039
answer	answer is ministerial correction date of answer 23/11/2022 answer text <p>Many minerals, such as Hafnium, have important uses but, by necessity of focus, only some are “critical”. These “critical minerals” are not only vitally important: they are also experiencing major risks to their security of supply. These risks can be caused by combinations of factors including, but not limited to, rapid demand growth, high concentration of supply chains in particular countries, or elevated levels of price volatility.</p><p> </p><p>Earlier this year, BEIS commissioned the British Geological Survey to carry out the UK’s first criticality assessment and it defined 18 critical minerals with the highest supply risk and economic importance; it did not identify Hafnium as a critical mineral on this basis.</p><p> </p><p>The Government has not made an assessment of the impact of rising prices of Hafnium on UK superalloy producers. However, we recognise that the UK need on critical minerals and its international markets can change, and therefore the assessment will be reviewed regularly through the Critical Minerals Intelligence Centre (CMIC). The next review will be completed in Spring 2023.</p><p> </p><p>For many minerals, we will continue to rely upon and champion an effective and efficient market. Where the market already provides a responsible and resilient supply, we see no case to interfere. Where the markets are less developed, are less transparent or have issues, we want to work with business and international partners to make markets more resilient for the long term.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani grouped question UIN 88038 88040 question first answered 23/11/2022 17:07:02 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4866 label Biography information for Alexander Stafford

1542470

registered interest
date	15/11/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Minerals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, when the Critical Minerals Intelligence Centre plans to update the list of critical minerals; and whether it will include hafnium on that list.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	88040
answer	answer is ministerial correction date of answer 23/11/2022 answer text <p>Many minerals, such as Hafnium, have important uses but, by necessity of focus, only some are “critical”. These “critical minerals” are not only vitally important: they are also experiencing major risks to their security of supply. These risks can be caused by combinations of factors including, but not limited to, rapid demand growth, high concentration of supply chains in particular countries, or elevated levels of price volatility.</p><p> </p><p>Earlier this year, BEIS commissioned the British Geological Survey to carry out the UK’s first criticality assessment and it defined 18 critical minerals with the highest supply risk and economic importance; it did not identify Hafnium as a critical mineral on this basis.</p><p> </p><p>The Government has not made an assessment of the impact of rising prices of Hafnium on UK superalloy producers. However, we recognise that the UK need on critical minerals and its international markets can change, and therefore the assessment will be reviewed regularly through the Critical Minerals Intelligence Centre (CMIC). The next review will be completed in Spring 2023.</p><p> </p><p>For many minerals, we will continue to rely upon and champion an effective and efficient market. Where the market already provides a responsible and resilient supply, we see no case to interfere. Where the markets are less developed, are less transparent or have issues, we want to work with business and international partners to make markets more resilient for the long term.</p> answering member constituency Wealden answering member printed Ms Nusrat Ghani grouped question UIN 88038 88039 question first answered 23/11/2022 17:07:02 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4866 label Biography information for Alexander Stafford