The United States plans to establish a $5 billion fund to invest in the mining industry in order to increase the supply of key minerals.

According to reports, the United States is in talks to establish a $5 billion fund for mining investment. If the plan goes through, it will be the largest commercial arrangement the US government has made to increase the supply of critical minerals. According to sources, the US International Development Finance Corporation is in negotiations with the New York-based investment firm Orion Resource Partners to establish the fund as a joint venture. They stated that core details are still being discussed and it is currently uncertain whether an agreement will be reached. President Trump has previously mentioned the possibility of advancing mineral cooperation in Ukraine and Greenland, and the White House is also keen on promoting US investment in the mining industry of the Democratic Republic of the Congo. However, partnering with Orion to establish the fund will provide the US government with a new pathway to directly engage in large-scale mining transactions.