South Korea will chair the Minerals Security Partnership (MSP) for one year starting July 1, leading cooperation among 14 member countries and the European Union to secure a stable global critical mineral supply chain. The MSP aims to diversify critical mineral sources essential for advanced industries and clean energy transition.

As chair, South Korea plans to ensure substantial results from ongoing MSP pilot projects, set long-term goals and preside over biannual Senior Representatives’ Meetings. The government will promote cooperation between MSP members and mineral-rich countries, monitor industry trends and seek to expand opportunities for Korean companies in related projects as part of its pan-governmental efforts to identify and respond to supply chain crises.