SYDNEY -- The Mineral Security Partnership, a U.S.-championed group of 14 countries and the European Union, launched a "finance network" on Monday at an event in New York as part of efforts to break China's hold on supplies of critical minerals.
The Mineral Security Partnership Finance Network aims to overcome investment shortfalls that have hindered the development of supply chains for key strategic materials like lithium, nickel and rare earths outside of China. The minerals are widely used in modern manufacturing and are important for the energy transition due to their use in technology like electric vehicles and wind turbines.
