JPMorgan launches $1.5tn initiative to boost critical industries including minerals

Core Insights - JPMorgan Chase has launched a Security and Resiliency Initiative, committing up to $1.5 trillion over the next decade to support critical industries for national economic security [1] - The initiative aims to address urgent needs in sectors such as critical minerals and frontier technologies, while strengthening US supply chains affected by geopolitical risks [1][4] Investment Plans - The bank plans to increase its previously announced investment from $1 trillion to up to $1.5 trillion, marking a 50% increase [2] - JPMorgan Chase intends to invest up to $10 billion in direct equity and venture capital to support select US companies, focusing on growth, innovation, and strategic manufacturing [3] Sector Focus - The initiative targets 27 specific sectors, including mining, solar and nuclear energy, battery storage, nanomaterials, and defense [4] - Efforts will include ensuring reliable access to essential resources like life-saving medicines and critical minerals, as well as advancing technologies such as semiconductors and data centers [6] Strategic Actions - JPMorgan Chase will provide customized financing solutions, advisory services, and partnerships to boost domestic production [5] - The bank plans to recruit industry experts and form an advisory council to guide its initiatives [5] - Advocacy for policy changes to simplify permitting processes and reduce regulatory barriers in sectors like mining is also part of the strategy [5]