Sovereign Metals’ Post

The newly established Minerals Security Partnership #MSP Finance Network aims to strengthen international cooperation and co-financing opportunities to advance diverse, secure, and sustainable supply chains for critical minerals. Launched this week on the margins of #UNGA, the MSP Finance Network brings together the development finance institutions and export credit agencies of MSP partner governments, including Australia, the US, Canada, the EU, Korea and Japan. In a joint statement, released by the U.S. Department of State, the network highlighted ASM's Dubbo Project as one of the globally strategic critical minerals projects with the potential to support the objectives of the MSP - having received indicated funding support from Export-Import Bank of the United States, Export Development Canada | Exportation et développement Canada and Export Finance Australia. Read the joint statement ➡ https://lnkd.in/e63dHA8t Learn more about the MSP ➡ https://lnkd.in/gQCG8kyb #DubboProject #rareearths #rareearthelements #criticalminerals #criticalmetals #minetometals #collaboration #UNGA79

The Minerals Security Partnership (MSP), is a collaboration of 14 member nations and the European Union, collectively committing to build diverse, secure, sustainable critical mineral supply chains   Last week on the sidelines of the U.N. General Assembly, MINVEST, a project of the U.S. Department of State and energy security think tank SAFE announced the creation of the MSP Finance Network to collaborate on investments in global mineral supplies that deliver the MSP objectives.   United States Deputy Secretary of State Kurt Campbell stated: “The announcement of the Minerals Security Partnership Finance Network is the latest of several critical steps MSP partners have taken to address the urgent, global need for critical minerals. The demands of the global energy transition are well documented. The collaboration of countries in the MSP and MSP Forum is how we meet them.”   Read more here: https://lnkd.in/e63dHA8t Abigail Hunter Ben Steinberg Emma Bishop Ellen Carey #MSP #Sustainable #CriticalMineral #SupplyChains

Joint statement on the establishment of the Minerals Security Partnership Finance Network. This network will strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals. #minerals #financing #criticalrawmaterials #MSP #energy #rawmaterials

♋ España NO aparece ¿? ➖ The text of the following statement was released by the Governments of the United States of America and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, the Republic of Korea, Norway, Sweden, the United Kingdom, and the European Union (represented by the European Commission) on the margins of the United Nations General Assembly in New York, New York. On 23 September, on the margins of the United Nations General Assembly, the Minerals Investment Network for Vital Energy Security and Transition- MINVEST, a public-private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy, hosted development finance institutions (DFIs) and export credit agencies (ECAs) of the @Minerals Security Partnership (MSP) partner governments in their announcement of the establishment of the MSP Finance Network. This network will strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals. Partners emphasized that the scope and scale of meeting the rapidly increasing global demand for critical minerals to achieve the clean energy transition is beyond the purview of any single institution. The investment to deliver these goals will require the public sector and private sector to work together to deploy capital into new and existing markets in this sector. DFIs and ECAs have a key role to support MSP objectives through careful coordination to maximize effectiveness, identify and create synergies, and increase impact. The participating DFIs and ECAs discussed, including with representatives from the private sector, how they can work together to meet this challenge. Creation of the MSP Finance Network reflects a desire to strengthen information sharing, coordination, and collaboration among the network participants. This will drive sustainable investment in global critical mineral supply chains, including by mobilizing private sector capital, in production, extraction, processing, recycling, and recovery projects. The participants also affirmed their commitment to advancing critical mineral projects that are sustainable and adhere to high environmental, social, governance, and labor principles and promote local value creation, with a clear and measurable positive development on local economies and communities. These standards are essential to ensuring that local communities see benefits from the important role critical minerals are playing in the global economy for years to come. https://lnkd.in/ef3MmVnD

Western countries mobilize to secure mineral independence. Metals and minerals are needed for humanity to stop using oil. All major powers have understood this, as has most of big industry and capital markets. But developing robust supply lines for metals are not easy. In Western countries developing minerals can take 20 years through democratic processes, while autocratic countries such as China and their BRICS alliance can do it in months. Hence, today, the China/BRICS alliance control the better part of all mineral supply lines. The Western countries have now allied to create Public Private Partnerships to develop critical minerals supply lines and to protect these supply lines from manipulation and sabotage from the autocrats. In Norway, we have rich resources of high-grade magnetite, rare earths, titanium and copper. To mention something. Our Scandinavian brothers in Finland and Sweden have even more minerals. Together, the Nordic countries can be a secure supplier of the needed metals to Europe and the Western alliance. https://lnkd.in/gYkHwMqx

📢 News | Critical Metals   InfraVia Capital Partners is proud to be part of the MSP (Minerals Security Partnership) Finance Network, which was created yesterday by a global group of major finance institutions and export credit agencies. Access to critical metals will be crucial for achieving the energy transition and require collaboration between the public and private sectors. This network will strengthen cooperation and promote co-financing among participants to advance diverse, secure, and sustainable supply chains for critical minerals, which are key to achieving the clean energy transition. The participants also affirmed their commitment to promoting sustainability, ESG and labor principles, and enabling local value creation. 🌍🌱 Read more 👇👇   #criticalmetals #infravia #energytransition

Germany seeks to depend less on Chinese imports of critical raw materials like rare earths. Read my latest article and gain insight into this initiative: #MexicoBusiness #MexicoBusinessNews

22 CSOs urge the European Investment Bank (EIB) to improve standards, transparency and accountability in its critical raw materials financing, as it restarts 💰 #CRMs after a decade, including mining. The EIB's track record on mining projects reveals serious harm to communities and ecosystems. The Bank also lacks human rights due diligence and strategy, falling behind other MDBs. The EIB must now focus on social and ecological well-being over extractivism – with which it has a poor track record! We call on the EIB to develop a comprehensive critical raw materials strategy focusing on efficiency, recycling, circular and spiral economies, and sustainability.   Read our joint letter: https://bit.ly/4f360lz   Nadia Calviño Gelsomina Vigliotti Thomas Östros #criticalrawmaterials #sustainablefinance #mining #rainforest #humanrights #indigenouspeoples #duediligence

Oh Joint Statement on Establishment of the Minerals Security Partnership Finance Network MEDIA NOTE OFFICE OF THE SPOKESPERSON SEPTEMBER 23, 2024 The text of the following statement was released by the Governments of the United States of America and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, the Republic of Korea, Norway, Sweden, the United Kingdom, and the European Union (represented by the European Commission) on the margins of the United Nations General Assembly in New York, New York. On 23 September, on the margins of the United Nations General Assembly, the Minerals Investment Network for Vital Energy Security and Transition- MINVEST, a public-private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy, hosted development finance institutions (DFIs) and export credit agencies (ECAs) of the Minerals Security Partnership (MSP) partner governments in their announcement of the establishment of the MSP Finance Network. This network will strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals. >> MSP partner DFIs, ECAs, and governments have achieved the following milestones in support of MSP projects, including: Kabanga Nickel: In August 2024, DFC signed a retainer letter with Kabanga Nickel Limited, a subsidiary of Lifezone Metals Ltd. (NYSE:LZM), to begin due diligence for political risk insurance on the Kabanga Nickel underground nickel-copper-cobalt mine site and the Kahama Hydromet refinery site in Tanzania. In September, DFC signed a non-binding letter with Kabanga Nickel Limited that expressed DFC’s interest in considering the project for loans as part of the project’s financing package. Mahenge Graphite Project Tanzania: POSCO International, a major Korean trading firm signed the agreement to purchase shares in Black Rock Mining Ltd. for US$40 million to secure a supply of graphite from a Tanzanian mine. Black Rock Mining will bring POSCO Group’s total ownership to 19.9%. The Agreement will pave the way for the development of the Mahenge mine in Tanzania, owned by Black Rock Mining, with POSCO Group receiving 30,000 tons of graphite annually starting in 2026. The volume is set to reach up to 60,000 tons by 2028, which can be used in the production of 1.26 million electric vehicles. This contract is anticipated to significantly diversify Korea’s supply chain for graphite, helping to mitigate potential disruptions. Debt finance for the mine has been provided by a syndicate comprising the Industrial Development Corporation of South Africa, Development Bank of South African and Tanzanian based commercial bank CRDB. POSCO has committed to a US$10 million prepayment facility. The project hopes to attract equity support from European and North American investors.

In 2023, foreign direct investment (FDI) in Latin America and the Caribbean was steady at $193bln, according to the World Investment Report 2024. #FDI #ForeignDirectInvestment #Investment #ForeignFinancing #LatinAmerica #Caribbean