What's Happening?
Orion Resource Partners has launched the Orion Critical Mineral Consortium (Orion CMC) with $1.8 billion in committed capital, aiming to strengthen US economic competitiveness and national security through
secure critical minerals supply chains. The consortium, in partnership with the US International Development Finance Corporation and Abu Dhabi-based ADQ, targets a $5 billion goal. Orion CMC will invest in near-term producing critical mineral assets, prioritizing projects that meet US and allied nations' demand, and manage offtake and domestic processing.
Why It's Important?
The establishment of Orion CMC is a strategic move to reduce US dependence on foreign critical minerals, which are essential for various industries, including technology and defense. By securing a reliable supply chain, the consortium aims to bolster national security and economic stability. This initiative reflects a growing recognition of the need for diversified and resilient supply chains in the face of geopolitical tensions and supply disruptions, potentially setting a precedent for similar efforts in other sectors.
