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Which of the following statements is/are correct about Mineral Security Partnership ?
1. It is an initiative to bolster critical mineral supply chain, established by the United States of America and other countries.
2. India is not a partner of this initiative.
Select the correct answer using the code given below :
Explanation
The Mineral Security Partnership (MSP) is a strategic collaboration led by the United States, launched in June 2022 to bolster critical mineral supply chains. Its primary objective is to ensure that minerals like lithium, cobalt, and nickel are produced, processed, and recycled in a manner that supports economic security and environmental standards, reducing global reliance on China. Therefore, Statement 1 is correct.
Statement 2 is incorrect because India officially joined the MSP in June 2023 during Prime Minister Narendra Modi's state visit to the US. India became the first developing country to join this high-level grouping, which includes members like Australia, Canada, Japan, South Korea, and the European Commission. This partnership is vital for India's transition to green energy and its goal of achieving net-zero emissions.