US in Talks to Set Up $5 Billion Fund for Critical Mineral Deals

Group 1 - The US is negotiating to establish a $5 billion fund for mining investments, marking a significant government initiative to enhance supplies of critical minerals [1][2] - The fund is proposed as a joint venture with New York-based Orion Resource Partners, with ongoing negotiations and no guarantee of a finalized deal [2][3] - The initiative aims to address concerns over supply chain vulnerabilities, particularly regarding critical minerals like copper, cobalt, and rare earths [4][5] Group 2 - The US International Development Finance Corporation (DFC) has previously approved various investments in the mining sector, including a $150 million loan to Syrah Resources Ltd. for a graphite mine in Mozambique [7] - Under the Biden administration, the DFC has committed over $550 million to improve railway infrastructure for mineral transport in Angola, indicating a strong focus on enhancing mining logistics [8] - Orion Resource Partners manages approximately $8 billion in assets and is involved in various financial activities within the mining industry, including private equity and commodity trading [9]