$5bn US Investment16 Sep 2025 17:27
The US is in talks to set up a $5 billion fund to invest in mining, in what would be the government’s most significant foray into dealmaking to boost supplies of critical minerals.
The US International Development Finance Corp. is in discussions to establish the fund as a joint venture with New York-based investment firm Orion Resource Partners, according to people familiar with the matter, who asked not to be identified because the talks are private. Key details are still being negotiated, and there’s no certainty a deal will be agreed, they said.
Created towards the end of Trump’s first term, the DFC has already approved multiple investments in the mining industry, via credit, equity stakes and technical assistance grants. That includes a loan of $150 million to support Syrah Resources Ltd., which operates a graphite mine in Mozambique and has a deal to supply the battery material to Tesla Inc.