Consider the following statements regarding the Minerals Security Partnership (MSP):
1. It is a multilateral initiative led by the United States to accelerate the development of diverse and sustainable critical energy minerals supply chains.
2. India joined the Minerals Security Partnership as its 14th member country.
3. It is a formal, treaty-based international organization established under the administrative oversight of the United Nations Environment Programme (UNEP).
Which of the statements given above is/are correct?
- 1 and 2 onlyAnswer
- B3 only
- C1 and 3 only
- D1, 2, and 3
Answer
Statements 1 and 2 are correct. The Minerals Security Partnership (MSP) is a US-led multilateral coalition formed to secure supply chains of critical energy minerals. India became the 14th member state. It is an informal state-led initiative, not a UNEP treaty-based organ.
The combination stating '1 and 2 only' is correct because the Minerals Security Partnership (MSP) is an initiative led by the US Department of State to bolster resilient critical mineral supply chains (such as lithium, cobalt, and nickel). India joined as the 14th member state in June 2023. MSP is not a treaty-based UN organization.
Step-by-Step Solution
Key Concept
Minerals Security Partnership (MSP) Mandate and Institutional Framework