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28/05/2024
Mining News

Securing critical minerals: Launch of the Minerals Security Partnership Forum

The launch of the Minerals Security Partnership Forum signals a pivotal moment in the quest to secure essential raw materials crucial for driving the green and digital transformation. Led jointly by the European Union (EU) and the United States, this collaborative platform brings together key stakeholders including members of the Partnership for Mineral Security (PSM) – Kazakhstan, Namibia, Ukraine, and Uzbekistan.

With a focus on securing critical minerals like lithium, cobalt, nickel, and graphite, which are scarce in European soil but vital for advancing sustainability and digitalization, the Forum is poised to address pressing challenges in global supply chains. Emphasizing principles of diversification, environmental stewardship, and equitable labor practices, the initiative aims to foster increased investment and sustainable benefits for all participants.

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The inclusivity of the Forum is underscored by its openness to countries committed to its core values, thereby amplifying its potential impact on global mineral security. By leveraging the collective expertise and resources of its members, the Forum seeks to mitigate supply chain vulnerabilities and promote resilience in the face of evolving geopolitical dynamics.

Transatlantic cooperation between the EU and the United States reinforces the Forum’s significance as a beacon of international collaboration. Together, they stand as champions of responsible resource management and champions of a more sustainable, equitable future.

In essence, the Minerals Security Partnership Forum represents a proactive, holistic approach to safeguarding critical minerals essential for the transition towards a greener, more digitally-driven global economy. Through shared commitments and collaborative action, it paves the way for a more resilient and sustainable future for all.

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