Qatar to Invest in U.S.-Backed Critical Minerals Initiative

Qatar will invest $180 million in a Europe-based critical minerals investment company, joining the U.S. development bank in supporting the firm that invests in key metals for the energy transition outside China. Qatar Investment Authority (QIA), the Gulf nation’s sovereign wealth fund, said on Wednesday it would invest $180 million in TechMet, an investment company focused on building businesses across the critical minerals value chain, from extraction and processing to refining and recycling. With the funds, Qatar’s wealth fund will…