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U.S. DFC Joins ADQ–Orion Critical Minerals Platform, Raising It to $1.8 Billion

The expanded public–private partnership is designed to secure diversified supplies for energy, electronics and defense as the partners target up to $5 billion.

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A sample of bastnaesite ore, a mineral used in the rare earth industry, is displayed at the Geological Museum of China in Beijing. Reuters
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Overview

  • Orion said the U.S. International Development Finance Corporation has become a partner in the ADQ–Orion platform, taking committed capital to $1.8 billion.
  • The DFC’s initial commitment was matched by funds managed by ADQ and Orion, though the partners did not specify how the additional $600 million was allocated.
  • The platform, launched in January with $1.2 billion, now aims to raise as much as $5 billion to back strategic metals and mining projects.
  • The mandate has broadened to include securing offtake, developing domestic processing and integrating minerals technologies alongside project investments.
  • The move comes as Washington seeks to diversify critical‑minerals supply chains following Chinese export restrictions, with the Pentagon outlining plans to procure up to $1 billion of materials.