The U.S. government has partnered with Orion to establish a critical minerals fund with a target size of $5 billion.

The U.S. government has jointly invested in a critical minerals fund with investment firm Orion Resource Partners and Abu Dhabi's ADQ. This investment by the U.S. International Development Finance Corporation is a new initiative by the Trump administration to promote a global strategy for mineral security supply. According to the announcement, the total initial capital commitment from the three parties amounts to $1.8 billion, with a target size ultimately reaching $5 billion. Foreign media first reported in September that the U.S. International Development Finance Corporation and Orion were in discussions to establish a joint fund. Ben Black, CEO of the U.S. International Development Finance Corporation, stated in the announcement: “Ensuring the supply of critical minerals is a top priority for U.S. strategic interests and economic prosperity.” He pointed out that the fund aims to “build a stable investment channel for critical minerals, which is crucial for driving U.S. economic prosperity.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)