Finland participates in an international partnership promoting sustainable mineral security

Finland has strengthened its mineral security by participating in the Minerals Security Partnership (MSP) since its establishment in summer 2022. The partnership members discuss potential projects related to critical minerals as well as environmental, social and governance standards.

The MSP focuses on the supply chains of minerals and metals that are essential for clean energy technology. These include lithium, cobalt, nickel, manganese, graphite, rare earth metals and copper.

Finland benefits from the partnership as it improves the export opportunities of technology to non-EU markets and promotes sustainable development activities. 

The partnership was created based on a US initiative. Neither Finland nor other partner countries have signed a treaty or another official document. The primary reason Finland was asked to join the partnership is its experience and expertise in mining, including in the process sector. Finland also has solid expertise in the recycling and reuse of critical minerals and in the practical implementation of sustainability topics.

The Ministry of Economic Affairs and Employment is responsible for Finland’s participation in the partnership. The Ministry for Foreign Affairs also takes part in the cooperation. Business Finland and the Geological Survey of Finland also participate in the exchange of information between the different working groups of the partnership. 

Business Finland’s International Business Innovations (IBI) supports the participation of Finnish companies in commercial projects of the partnership. The IBI’s objective is to increase the competitiveness of Finnish expertise globally and to make the ecosystem-oriented supply a desirable partner in international markets, thereby enabling exports worth billions of euros and realising the UN Sustainable Development Goals around the world.

The MSP partners are Australia, Canada, Finland, France, Germany, Italy, Japan, Norway, Republic of Korea, Sweden, United Kingdom, United States and the EU.

Inquiries: 
Mikko Puustinen, Ministerial Adviser, Ministry of Economic Affairs and Employment, tel. +358 295 047 144
Jarkko Vesa, Senior Specialist, Ministry of Economic Affairs and Employment, tel. +358 295 047 193
Hanna Marttinen-Deakins, Global Head, International Business innovations, Business Finland, tel. +358 40 343 3348