Mineral Security Partnership

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Overview:

India was recently inducted into the Mineral Security Partnership (MSP).

About Mineral Security Partnership:

  • It is an ambitious new initiative to bolster critical mineral supply chains, announced by the United States (US) and key partner countries in June 2022.
  • The goal of the alliance is to ensure that critical minerals are produced, processed, and recycled in a manner that supports the ability of countries to realise the full economic development benefit of their geological endowments.
  • The focus of the grouping would be on the supply chains of minerals such as Cobalt, Nickel, Lithium and also the 17 “rare earth” minerals.

What is a critical mineral?

  • There is no global definition of critical minerals, but essentially, they are mineral deposits with high economic vulnerability and high global supply chain risk.

What are major critical minerals?

  • The major critical minerals are Graphite, Lithium and Cobalt.
  • They are used for making EV batteries and are also critical for making semiconductors and high-end electronics manufacturing.
  • These minerals are also used in manufacturing fighter jets, drones, radio sets and other critical equipment.

Who are the top producers of critical minerals?

  • The major producers of critical minerals globally are Chile, Indonesia, Congo, China, Australia and South Africa.

What are rare earth elements?

  • The 17 rare earth elements (REE) include the 15 Lanthanides (atomic numbers 57 — which is Lanthanum — to 71 in the periodic table) plus Scandium (atomic number 21) and Yttrium (39)

 


Q1) What are major critical minerals?

The major critical minerals are Graphite, Lithium and Cobalt. They are used for making EV batteries and are also critical for making semiconductors and high-end electronics manufacturing. These minerals are also used in manufacturing fighter jets, drones, radio sets and other critical equipment.

Source: India joins US-led critical mineral club, boost likely for EV, electronics