US, Orion Form Critical Minerals Fund Targeting $5 Billion (2)

The US has established a new fund to invest in critical minerals alongside Orion Resource Partners and Abu Dhabi’s ADQ, as the Trump administration seeks to challenge Beijing’s dominance of resource supply chains.

The three partners have made initial capital commitments totaling $1.8 billion and are targeting an eventual pool of $5 billion, according to a statement released by Orion on Thursday. The investment from the US International Development Finance Corp. is a key step in President Donald Trump’s push to secure minerals deals around the world.

Bloomberg News reported in September that the DFC and Orion were ...