Minerals Security Partnership Symposium Highlights Global Demand for Critical Minerals

The Minerals Security Partnership Symposium discussed the increasing demand for critical minerals driven by the energy transition and the necessity of robust supply chains. Top producers and processors of key minerals were highlighted, emphasizing the need for international collaboration to ensure sustainable access to these essential resources.

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

• Minerals Security
• Energy Transition
• Global Demand
• Sustainable Access
• Critical Minerals

phillip Follow

Uploaded on Apr 16, 2024 | 2 Views

Presentation Transcript

1. Minerals Security Partnership Nicole Johnson U.S. Embassy Zimbabwe May 31, 2023 Lithium and Battery Minerals Value Chain Symposium

2. MSP Why the need? Demand for critical minerals driven by the energy transition

3. MSP Why the need? Clean tech: 2x-6x mineral demand by 2040 Clean tech: 2x-6x mineral demand by 2040 IEA (2021), The Role of Critical Minerals in Clean Energy Transitions, https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions

4. MSP Why the need? Necessity of robust and resilient supply chains

5. MSP Why the need? Top producers shares of total extraction of key minerals Rare earths PRC: 60% Chile: 22% Australia: 52% Lithium PRC: 13% Graphite PRC: 64% Cobalt DRC: 69% Indonesia: 33% Nickel Russia: 11% Copper PRC: 8% Chile: 28% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% PRC U.S. Chile Indonesia DRC Australia IEA, Share of top producing countries in extraction of selected minerals and fossil fuels, 2019, https://www.iea.org/data-and-statistics/charts/share-of- top-producing-countriesA-in-extraction-of-selected-minerals-and-fossil-fuels-2019

6. MSP Why the need? Top producers shares of total processing of key minerals*, 2019 Rare earths PRC: 87% Lithium PRC: 58% Cobalt PRC: 65% Nickel PRC: 35% Copper PRC: 40% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% PRC Chile United States Indonesia Russia Japan Qatar Finland Australia Belgium *This data set did not include data for graphite processing IEA, Share of top producing countries in total processing of selected minerals and fossil fuels, 2019, https://www.iea.org/data-and-statistics/charts/share-of-

7. Climate Security Energy Security Mineral Security

8. MSP Why the need? Market forces alone will not drive necessary changes Promote high ESG standards Encourage resource recycling

9. MSP Members

10. Key Objectives Attract investment Increase transparency Create more options Promote high ESG standards

11. Pillars of MSP Promoting Recycling and Reuse Elevation of ESG Standards Information Sharing and Cooperation Investment Network

12. Elevation of ESG Standards MSP "Principles for Responsible Critical Mineral Supply Chains" Commitment to High Standards Social License and Engagement Good Governance and Transparency

13. MSP Project Principles Responsible stewardship of the environment Consultative and participatory processes Meaningful engagement and transparent communication Safe, fair, inclusive workplace conditions Economic benefit for local communities Transparent, ethical business operations