MSP Partners: Republic of Korea, Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United Kingdom, the United States of America, and the European Commission.

Today, the partners of the Minerals Security Partnership (MSP) convened for a high-level Principals’ Meeting in Toronto, held on the sidelines of PDAC 2025. The meeting focused on assessing the MSP’s progress, advancing project implementation, and enhancing financial support mechanisms. The meeting was chaired by H.E. Kang Insun, the 2nd Vice Foreign Minister of the Republic of Korea.

The MSP Chair acknowledged the notable progress made since the previous Principals’ Meeting, largely attributed to the strong commitment of MSP partners. The number of active MSP projects has grown, demonstrating the collective dedication to strengthening and diversifying global critical minerals supply chains.

At this MSP Principals’ Meeting, Belgium, Poland, and New Zealand participated as observers, further reflecting growing international interest in the MSP’s mission to strengthen, stabilize, and diversify critical mineral supply chains.

▘︎Key Discussions and Outcomes:

 •︎ Project Expansion and Strategic Priorities:

o MSP partners reviewed the status of ongoing MSP projects, spanning mining, processing, and recycling. Key minerals under development include rare earth elements, graphite, cobalt, nickel, copper, and lithium.

o The partners emphasized the need to expand MSP projects to include a wider array of critical minerals vital for supply chain resilience and industrial growth.

 •︎Addressing Barriers to Project Implementation:

o Partners discussed regulatory, procedural, and financial barriers hindering effective project execution.   

o Partners shared best practices to streamline regulatory approvals, reinforce financial mechanisms, and enhance technology sharing.

 •︎ Enhancing Financial Support for MSP Projects:

o Challenges in securing investments, particularly for small and medium-sized enterprises (SMEs), were highlighted.

o Partners shared a consensus on the necessity of more coordinated public-private financing models and strategic partnerships to address investment gaps.

 •︎ Ensuring Stable and Predictable Access to Critical Minerals:

o Partners exchanged perspectives on strengthening supply chain resilience in response to volatile global markets.  

o The discussions emphasized the importance of diversification strategies and international cooperation to secure continuous access to essential minerals.

▘︎Next Steps:

 •︎ The MSP remains a proactive and consultative platform committed to securing and diversifying critical mineral supply chains. Moving forward, MSP partners agreed to:

o Continue collaborating on policy coordination to address supply chain vulnerabilities and accelerate the delivery of MSP projects.  

o Expand investment opportunities in the mining sector to further enhance global supply chain stability.  

o Foster closer partnerships with MSP Forum participating countries to maximize synergies and deliver tangible project outcomes.

The MSP remains steadfast in its commitment to securing stable and sustainable critical mineral supply chains, which are essential to long-term economic security and industrial competitiveness.  /END/