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Critical minerals start-up threatens to quit Britain
['Hans Van Leeuwen', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
DESCycle has found a new way to extract critical metals including gold, silver, copper, tin, aluminium and iron from electronic scrap such as laptops, phones and fridges, without the need for a massive smelter.
The Japanese and American governments are piling support into the critical metals sector, he said, with big companies like Cisco or Mitsubishi ready to partner with promising start-ups.
"We do need some government support," Mr White said, "because we are obviously being pulled to these other markets with interesting commercial and government-backed offers."
"I would hate for this technology to be a UK creation, UK innovation, UK scale-up, and then the country loses it when we actually go and deploy something."
"What we've not seen yet is pounds starting to flow," Mr White said.