The United States congratulates the Republic of Korea (ROK) on assuming the chairmanship of the Mineral Security Partnership (MSP) after receiving unanimous support from all MSP partners. The ROK will assume the chairmanship of the MSP for one year beginning July 1. The ROK has demonstrated tremendous leadership on critical mineral supply chain issues and has been an active member of the MSP. The ROK government and its private sector are leading the effort to expand and diversify the supply of critical minerals and the battery supply chain. As the founding chair of the MSP, the United States looks forward to continuing to work on critical mineral issues under the leadership of the ROK.
Under Secretary for Economic Growth, Energy, and Environmental Affairs José W. Fernández launched the MSP for the United States in 2022 and warmly welcomed the ROK’s initiative in taking over as MSP Chair.
Since its creation in 2022, the Mineral Security Partnership has grown to 14 partner countries and the European Union, representing over 50% of global GDP. MSP is now working on over 30 projects in upstream mining and mineral extraction, midstream processing, and recycling and recovery in Africa, Asia-Pacific, Europe, and the Americas.
The United States stands ready to support the ROK as the next MSP Chair. We will continue to be an active member of the MSP, including co-leadership of the MSP Forum with the European Union, a forum between MSP partners and mineral producing countries to consider and advance projects and policies that provide a more secure and sustainable supply of critical minerals with local beneficiation, and our collaboration with the Mineral Investment Network for Critical Energy Security and Transition (Minvest), a public private partnership with the energy security organization, SAFE.
MSP’s work to accelerate the development of diverse and sustainable critical energy mineral supply chains will continue under ROK’s leadership and in close coordination with MSP partners.
For more information on MSP, visit here https://www.state.gov/minerals-security-partnership/For the latest information, follow Undersecretary Fernandez on X: @state_eeLinkedIn: @state-eand Facebook: @StateDepartmentFor media inquiries please contact [email protected],
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