Explanation:

Only statement 1st is correct.

Recently, India has officially joined the US-led initiative Minerals Security Finance Network.

• It is a new initiative emerging from the Minerals Security Partnership (MSP).

• It is aimed at strengthening global cooperation in securing critical mineral supply chains.

• The network brings together institutions from the Indo-Pacific region and Europe, promoting cooperation, information exchange, and co-financing.

• Member countries: The partnership includes 13 countries and the European Commission.

• These are the United States of America, 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).

• Significance to India: It helps India in diversifying and securing its supply of critical minerals from nations like Argentina, Chile, Australia and select African countries. Kazakhstan, in Central Asia, is also being explored as a potential source for India’s mineral requirements.

Hence option 1st is correct.