A looming “space race” for critical minerals is set to accelerate state-backed mining investment, with International Council on Mining and Metals chief executive Rohitesh Dhawan arguing that geopolitical competition could rapidly expand permitting, infrastructure funding and offtake guarantees. The 2026 International Mining and Resources Conference (IMARC) in Melbourne is being framed as a test of whether governments will move beyond rhetoric to concrete policy support, including streamlined approvals and public–private financing for new copper, nickel and rare earths projects.

The Institution of Civil Engineers is urging UK ministers to commission an independent economic review to quantify the costs and benefits of climate adaptation across national infrastructure, from flood defences and coastal protection to transport and energy networks. ICE wants a Treasury-level assessment, akin to the Stern Review on climate mitigation, to compare upfront capital for resilience upgrades against avoided damage to assets, service disruption and long-term maintenance. Such a review could directly influence design standards, appraisal methods and funding priorities for major projects and asset renewals.

Infrastructure projects deemed of “critical national importance” will be fast-tracked under new powers allowing Parliament to let ministers designate schemes for accelerated delivery. The chancellor signalled that nationally significant works such as major rail upgrades, strategic highways and large energy or water infrastructure could move more quickly through planning and approvals. For engineers, this points to compressed design and procurement timetables, earlier geotechnical investigations, and tighter coordination of statutory undertaker diversions and environmental consents.