US Turns to Private Investment for Minerals Projects
- Minerals Security Partnership weighing up to 15 projects
- US negotiating critical mineral deals with EU and UK
A bulldozer moves lithium ore at a mine.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
The US is working with a network of private companies to help spur investment in up to 15 global critical-minerals projects designed to create a more secure supply chain of key metals.
The consortium, which includes mining and technology firms, will act as sources of information and investment for the Minerals Security Partnership, which comprises of 14 nations including the US, UK, European Union and Japan. The countries, along with some large producing nations, will meet in London on Oct. 10 to discuss how to finance the critical mineral projects, as well as environmental concerns. The focus will be on minerals used in electric car batteries.