Asian Development Bank Launches Facility to Develop Critical Minerals Supply Chains
The Asian Development Bank (ADB) has introduced a new financing facility aimed at developing critical mineral supply chains in Asia and the Pacific. This initiative is designed to support clean energy, batteries, electric vehicles, and digital technology. The facility includes two components: a grant window and a catalytic finance window. The grant window will fund early-stage project work, such as feasibility studies and environmental assessments, with financial commitments from Japan and the United Kingdom. The catalytic finance window seeks to attract cofinancing and risk-sharing from partners like Korea Eximbank and K-SURE. ADB's strategy focuses on moving beyond mining to higher-value industries, including processing, manufacturing, and recycling. 
