Private equity investors are boosting their participation in the global race for critical minerals. As these commodities take the central stage in international trade negotiations, fresh ten-figure deals are taking place.

Appian Capital Advisory announced a $1 billion critical minerals deal with the World Bank’s International Finance Corporation (IFC).

IFC, the World Bank’s private-sector arm, will anchor the fund with an initial $100 million investment, with more capital raised through its asset management division.

Also Read: Trump’s $8.5 Billion Deal With Australia Challenges Chinese Dominance

The investment vehicle Appian–IFC Critical Minerals Fund will focus on emerging markets, equity, credit, and royalty investments in projects spanning construction to production stages.

“Minerals are essential for building industries, creating jobs, and driving economic growth,” said Makhtar Diop, IFC’s managing director.

“Partnering with companies like Appian will help bring more private capital to places that need it ...