US to Put $250 Million Toward Supply Chain Investment Fund

The US plans to contribute $250 million toward an investment consortium that would help fund projects aimed at strengthening supply chains for energy and critical minerals, according to a Trump administration official.

Under Secretary of State for Economic Affairs Jacob Helberg said Monday that the US would administer the consortium, which would bring together as much as $1 trillion in assets under management from sovereign wealth funds and institutional investors. Other participants would include SoftBank Group Corp., Temasek Holdings Pte and the Abu Dhabi-based Mubadala Investment Co. wealth fund, he said.