Governments will strike more deals with private investors as they race to secure supplies of critical minerals, according to a mining-focused investment firm that has signed an agreement with an arm of the World Bank.
Appian Capital Advisory, which manages about $5bn in assets, has held talks with a number of countries seeking access to vital commodities needed in advanced manufacturing, its chief executive Michael Scherb told the Financial Times.
“Governments are struggling to get security of supply” as they look to guarantee the long-term availability of rare earth elements and important metals such as nickel, he said.
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