he Qatar Investment Authority (QIA), the country’s sovereign wealth fund, has invested $180m (QR655.2m) in Dublin-based mining investment company TechMet.
QIA’s infusion will help TechMet further its efforts to facilitate projects across the entire critical minerals supply chain.
The investment vehicle, which is also backed by the US International Development Finance Corporation (DFC), supports every stage of the critical minerals supply chain including extraction, processing, refining and recycling.
The funds from QIA will be directed towards developing TechMet’s existing assets and expanding its portfolio with initiatives designed to boost the production and refining of essential critical minerals including lithium, nickel, cobalt and rare earth elements.
This investment reflects QIA’s vision of expanding its portfolio across various industrial sectors, with a focus on critical minerals. These resources are crucial for driving the clean energy transition.
