Following the conclusion of the Minerals Security Partnership (MSP) Principals’ meeting in Toronto, member states announced the formation of a graphite working group, the inclusion of Estonia in the membership, and reviewed progress of the partnership to responsibly develop critical minerals projects.
THe MSP Joint statement noted the organization's mission:
"The MSP aims to accelerate the development of diverse and sustainable critical minerals supply chains through working with host governments and industry to facilitate targeted financial and diplomatic support for strategic projects along the value chain.
"The MSP commits to support only those projects that follow high ESG standards, promote local value addition, and uplift workers and communities, in recognition that all countries can benefit from the global clean energy transition.
At the meeting, the MSP partners confirmed they are working to advance the following projects that have a high potential to contribute to the development of responsible critical mineral supply chains, demonstrate high ESG standards, facilitate the global energy transition, and are collaborating with relevant governmental or financial agencies of MSP partners:
The partners of the Minerals Security Partnership (MSP) held a Graphite Supply Chain Deep-Dive meeting on March 4 in Toronto, following the MSP principals’ meeting on March 3. The demand for graphite has been increasing, particularly for use in lithium-ion batteries, as a lubricant, and in the production of steel and other alloys.
The graphite meeting was hosted by the Government of the Republic of Korea, in cooperation with the MSP partners, including the United States,
The meeting convened government officials, critical minerals experts, and financial institutions from partner countries of the MSP, along with companies operating in the global graphite supply chain. MSP partners were also joined by other critical minerals-producing countries including Tanzania.
The participants discussed ways to enhance cooperation in strengthening the global supply chain of graphite, one of the key critical minerals essential for the global clean energy transition.
Participants engaged in discussions on the challenges of the global graphite supply chain, ways to increase global graphite production, major graphite projects, and financial tools available for graphite projects. Market experts voiced the importance of international cooperation in strengthening global graphite supply chains, ranging from exploration and production to processing, refining, and recycling.
Participants additionally called for global cooperation in research and development, and in sustainable and responsible mining for critical minerals at various stages of development.
Graphite is mined around the world, with the largest producers being China, Brazil, Canada, Mozambique, India, Ukraine, Norway, and Russia.
MSP partners also exchanged views on ways to facilitate private sector investment through public-private cooperation for sustainable critical minerals development.
With the addition of Estonia, the MSP now counts 14 countries and the EU as partners. Estonia is a key stakeholder and contributor in the production and processing of rare earths and is a welcome addition to the MSP.
During the MSP high level principles meeting on March 3, MSP Partners announced the creation of the MSP Forum, which cements our partnership with select minerals producing countries committed to advancing and accelerating individual projects with high environmental, social and governance (ESG) standards. The Forum will promote diverse and resilient supply chains, local value-addition and beneficiation.
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