US Explores $5 Billion Critical Mineral Fund

The US is in discussions to create a $5 billion fund for critical mineral transactions. This initiative, a collaboration between US International Development Finance and Orion Resource Partners, aims to secure vital minerals essential for various industries.

The United States is currently negotiating the establishment of a $5 billion fund specifically for critical mineral deals. According to Bloomberg News, these discussions are taking place with Orion Resource Partners, a well-known investment firm specializing in niche investments.

The proposed fund is envisioned as a joint venture that would likely bolster the nation's access to vital minerals, which are crucial for several high-tech and energy sectors, enhancing national security and economic stability.

This development comes amidst growing global competition for mineral resources seen as essential for future technologies and infrastructure projects.

(With inputs from agencies.)