Circulor’s Post

Valid comments from Bruno Jacquemin and Andor Lips, PhD FIMMM. Firstly, we can all welcome the launch of the German critical raw materials fund, managed by KfW. This should make a useful contribution towards de-risking both German and European projects and towards reaching the #CRMA 2030 benchmarks. Secondly, #exploration is an important element and, while apparently not in scope for the German fund, the #EU is doing something about this. - The #CRMA has robust provisions on exploration - Exploration is an integral part of the EU’s strategic partnerships on sustainable critical raw material value chains - The #EU and the EBRD have joined forces to set up a facility under the #InvestEU Fund. This is designed to raise up to €100 million for equity investments in projects exploring critical and strategic raw materials as defined in the #CRMA. https://lnkd.in/ebSEatyh Euromines Eurometaux (European Metals Association) #criticalminerals #mining

🌍 Eksfin joins the #Minerals_Security_Partnership (MSP) Finance Network to support #sustainable mineral projects and meet growing demand. The MSP Finance Network is a global initiative launched by the U.S. to ensure a sustainable supply of critical minerals for the green transition. 🌿 Eksfin will be representing Norway alongside Innovation Norway. “Collaboration is essential to strengthen industrial value chains in Norway and other Western countries,” says Cecilie T. Myrseth, Minister of Trade and Industry. CEO Tone Lunde Bakker adds, “MSP Finance will be an important forum for sharing insights and developing sustainable standards.” #CriticalMinerals #Eksfin #GreenTransition #MSPFinance #GlobalCollaboration Norwegian Ministry of Trade, Industry and Fisheries

We welcome the announcement of the Minerals Security Partnership Finance Network which aims to strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals.   This is a fantastic step in the right direction and a great example of like-minded nations coming together.    🇺🇸 🇦🇺 🇨🇦 🇪🇪 🇪🇺 🇫🇮 🇫🇷 🇮🇹 🇯🇵 🇳🇴 🇰🇷 🇬🇧 🌍   The Network includes the U.S. International Development Finance Corporation (DFC), Export Finance Australia (EFA), Export Development Canada (EDC), Estonian Investment Agency, European Investment Bank (EIB), European Battery Alliance, Euler Hermes, Export-Import Bank of the United States (EXIM), Finnvera, Finnfund, Nordic Investment Bank (NIB), InfraVia Capital, Banque publique d’investissement, Agence Française de Développement (AFD), Proparco, KfW Group, CDP (Cassa Depositi e Prestiti), SACE, SIMEST, Japan Bank for International Cooperation (JBIC), Japan International Cooperation Agency (JICA), Japan Organization for Metals and Energy Security (JOGMEC), NEXI (Nippon Export and Investment Insurance), Export Finance Norway (Eksfin), Innovasjon Norge, Export-Import Bank of Korea (KEXIM), Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR), Korea Trade Insurance Corporation (K-Sure), Korea Institute of Geoscience and Mineral Resources (KIGAM), Exportkreditnämnden (EKN), UK Export Finance (UKEF), and British International Investment (BII), plus the European Bank for Reconstruction and Development (EBRD) and the Africa Finance Corporation (AFC). #criticalminerals #criticalrawmaterials #supplychains #energytransition #defence #technology #automotive #mining #finance https://lnkd.in/e63dHA8t

The German Government announced setting up a state-run raw materials fund equipped with one billion euros last summer. With the capital, Germany plans to facilitate foreign and domestic resource projects. Now, the implementation of the fund has been dealt another blow. After the project was initially put on hold due to the ruling of the Federal Constitutional Court and then restructured, it is now at risk of failing, according to German news outlet Handelsblatt. The reason for this is a missing allocation letter from the Federal Ministry of Finance to the state development bank KfW, which is to manage the fund. #rawmaterials #criticalminerals #mining #supplychains #europe

Exciting times for the UK’s critical minerals value chain! The focus on green jobs, supply chain resilience, and industrial innovation is exactly what we need to drive sustainable growth. It’s inspiring to see opportunities aligning for cleaner energy and stronger regional development. Let’s keep pushing for a greener, more secure materials future!

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The Treasurer Jim Chalmers spoke to Australian media last night (30 April) and is set to announce a “major overhaul” of Australia’s foreign investment framework later today, 1 May 2024. Crucially, in relation to supply chains and overseas control of certain industries he noted: "We need to be very careful about that, particularly in our critical industries, whether it's critical minerals, critical data, critical infrastructure." In this insight, as context ahead of those announcements, we explore the recent developments in Australian critical minerals policy, legislation, and potential changes to the foreign investment regime. https://lnkd.in/gK4pYfpg

The last few weeks have seen major political activity on both sides of the Atlantic: two weeks ago the US presidential election took place, while the week before that the new UK Government announced its Autumn Budget 2024. As widely reported, the Budget included tax increases across various areas of the economy. However, coming off the back of the UK Government’s inaugural International Investment Summit in October, it also set out the government’s strategy to invest directly in and to deliver growth across the UK economy. For Green Lithium, if the UK Government delivers on its plans then the positives should significantly outweigh the negatives. Of particular relevance are Chancellor Rt Hon Rachel Reeves’s seven growth pillars: ✓ Build new infrastructure funded by the National Wealth Fund (NWF) ✓ Restore economic stability to the UK ✓ Work with devolved regional governments such as Tees Valley Combined Authority ✓ Develop skills whilst tackling economic inactivity ✓ Launch a modern industrial strategy for SMEs to enable growth ✓ Protect funding in R&D investment and science via UK Research and Innovation ✓ Invest in green jobs to reap the benefit of clean energy, including through the Advanced Propulsion Centre UK’s Automotive Transformation Fund (ATF) Green Lithium’s CFO, Jo Charles, commented: “Among other benefits to us, we welcome the Budget’s strong commitment from the UK Government to improve the attractiveness of investing in growth companies like Green Lithium. The industrial-scale refining capability we’re developing in Teesside in the North East of England lies at the intersection of critical minerals security, industrial decarbonisation and automotive supply chain resilience. We’re therefore strongly positioned to benefit from initiatives being extended or introduced, such as the ATF and NWF.” Beyond direct investment, Green Lithium stands to benefit from other initiatives, such as UK Export Finance’s new export finance packages being introduced to secure critical mineral supply chains: https://lnkd.in/exv9Fjk8

It was an honor to represent the European Investment Bank (EIB) at the Mineral Security Partnership (MSP) Finance Meeting, where we discussed the critical role of financing resilient and sustainable mineral supply chains. As the world rapidly transitions to a minerals-based economy, securing access to critical minerals is essential for the green and digital transition, while fostering sustainable economic growth and reducing dependencies on dominant players. During the panel discussion titled "Financing Critical Minerals Projects: Collaborating for a Sustainable Future," we highlighted several key areas: 1. EIB’s Contribution to Innovation and Competitiveness: The EIB’s €3 billion investment in recent years underscores our commitment to strengthening raw-material supply chains. Critical raw materials are crucial enablers of the EU’s green and digital transition. The European Critical Raw Materials Act identifies 34 critical raw materials vital to the EU economy, including 17 strategic materials that face supply risks unless action is taken to boost mining, processing, refining, recycling, and substitution efforts, both within the EU and through trusted global partnerships. 2. Key Obstacles and Challenges: Developing critical raw materials projects is not without challenges. Environmental impacts, public acceptance, lengthy permitting processes, and market volatility all create significant hurdles. Additionally, the high investment requirements for mining and processing, alongside the need to mitigate environmental and social impacts, make project development complex and time-consuming. 3. Risk Profile and Bankability: Critical raw material projects often face bankability challenges due to their complexity and extended time-to-market, particularly regarding multi-level permitting. Enabling regulations, such as the Critical Raw Materials Act recently adopted by the European Parliament, include measures like fast-track permitting in order to improve project bankability and reduce bureaucratic burdens. The Mineral Security Partnership (MSP) plays a vital role in fostering collaboration among key stakeholders to secure resilient and sustainable mineral supply chains. It addresses the geopolitical risks, financing gaps, and technological challenges critical to advancing the green energy transition and supporting Europe’s industrial goals. These insights and the broader discussions at the MSP meeting reaffirm the EIB’s commitment to building sustainable and resilient mineral supply chains, ensuring Europe’s long-term competitiveness and leadership in the green transition. #MSPFinance #CriticalMinerals #SustainableFinance #EIB #Innovation #GreenTransition #ESG #GlobalPartnerships #MineralSecurity #CircularEconomy #BatteryMaterials #REPowerEU

Critical Minersls - Supply Demand Fundamentals The #EU is waking up to the #CriticalMaterials supply chain issue. De-risking the #financial, #environmental and #social aspects of the supply chain will be key to a successful outcome. "It’s not only a question of money, we need to talk about de-risking investments as well,” he added. “There should be EU and member state funds for critical raw materials, and they should act together – a fund with a revolving system so investments can be de-risked. I see that the companies are willing to invest, but then they shy away." Eden Global Natural Resources UCITS ESG Fund ESG classified as a ‘Light Green’ Fund under Article 8 of the EU Sustainable Finance Disclosure Regulation. Eden Asset Management is the Investment Manager of the Eden Global Natural Resources UCITS ESG Fund (the “Fund”). The Fund aims to achieve long term growth by investing in equities in the Global Natural Resources sector, incorporating the metals and mining, energy and agriculture sub-sectors. The Fund will focus on equities listed on recognised investment exchanges globally. Eden will manage the fund on an active basis, uncorrelated to the benchmark index, and include special situation investments in companies with smaller market capitalisations for which investments are transaction-driven. The Eden team is comprised of sector specialists and being located in Perth, Western Australia, provides access to the extensive population of resources companies which operate locally together with deep pool of industry technical expertise. Eden’s investment strategy combines a top-down approach, employing macro-derived allocations across the three resources sub-sectors, with a bottom-up assessment of selected companies in order to derisk investment decisions. ESG considerations are a key part of Eden’s investment process, and potential investments which do not meet required ESG measures will be excluded from the Fund’s investment universe. https://lnkd.in/gmY92fej #edenam #criticalminerals #naturalresources #esg #politics #government #climatechange