HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

US takes over critical minerals coalition chair from South Korea

Created at 10 Jul · 8:52 PM1 source↑ Market-relevant
IN SHORT

The United States has assumed the chairmanship of the Forum on Resource Geostrategic Engagement (FORGE), a coalition focused on critical mineral supply chains, taking over from South Korea. The initiative aims to establish secure and diversified supply chains.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Who's Involved

United States
assumed chairmanship of FORGE critical minerals coalition
South Korea
concluded term as chair of FORGE critical minerals coalition
Marco Rubio
Secretary of State who launched FORGE
US takes over critical minerals coalition chair from South Korea

↳ Why This Matters

The U.S. assumption of leadership in the FORGE coalition signals a continued strategic focus on securing critical mineral supply chains, aiming to reduce reliance on single sources and bolster economic and national security.

Key facts

  • The U.S. has taken over the chairmanship of the FORGE critical minerals coalition from South Korea.
  • FORGE is a coalition of like-minded nations working to establish secure, diversified, and resilient critical mineral supply chains.
  • The initiative was launched by Secretary of State Marco Rubio in February.
  • The U.S. aims to accelerate critical mineral projects that support its economy and security.
  • South Korea previously chaired the Minerals Security Partnership, a precursor to FORGE.

The United States has taken over the chairmanship of the Forum on Resource Geostrategic Engagement (FORGE), a coalition dedicated to critical mineral supply chains, following South Korea's successful tenure. The State Department announced the transition, highlighting the U.S. commitment to fostering secure, diversified, and resilient supply chains for these vital resources.

FORGE was launched by Secretary of State Marco Rubio in February amidst global efforts to counter China's significant influence over critical mineral supplies. The coalition brings together like-minded nations to collaborate on strengthening and diversifying these supply chains, which are crucial for economic and national security.

During its chairmanship, the U.S. intends to champion initiatives aimed at accelerating critical mineral projects. The State Department emphasized the U.S. commitment to working with partners to create secure supply chains for key critical minerals. South Korea had previously chaired the Minerals Security Partnership, a precursor to the FORGE initiative.

Frequently asked questions

FORGE, the Forum on Resource Geostrategic Engagement, is a coalition of nations working together to establish secure, diversified, and resilient critical mineral supply chains.

FORGE was launched by Secretary of State Marco Rubio during a ministerial meeting in Washington in February.

The coalition aims to strengthen and diversify supply chains for critical minerals, over which China has wielded formidable influence, to safeguard national and economic security.

What Happens Next

01The United States will continue championing efforts to safeguard national and economic security through FORGE.
02The U.S. looks forward to a productive tenure as chair and working with partners to create secure supply chains.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

The United States assumed the chairmanship of the Forum on Resource Geostrategic Engagement (FORGE).
South Korea concluded its term as chair of the coalition.
FORGE is a coalition of nations focused on critical mineral supply chains.
Secretary of State Marco Rubio launched FORGE in February.
The coalition aims to establish secure, diversified, and resilient critical mineral supply chains.
The U.S. aims to safeguard national and economic security through FORGE.
South Korea previously chaired the Minerals Security Partnership, a precursor to FORGE.

Sources

T1
U.S. takes over from S. Korea as chair of 'FORGE' critical minerals coalitionYonhap News Agency

Related Stories

Xi reaffirms China's commitment to North Korea friendship
10 Jul · 1:36 PM
Geopolitical shifts drive sovereign funds towards national priorities, study finds
9 Jul · 11:08 PM
Rutte, Zelenskiy to Attend Paris Meeting on Ukraine Support
10 Jul · 11:04 AM
China sets July 4 precedent with US; Cathay plane triggers Nato alert
10 Jul · 4:20 AM
US Demands Iran Halt Hormuz Attacks; Imposes New Sanctions
10 Jul · 2:13 PM