Swiss company invests 500 million to secure vital metal supplies

Mercuria, the Swiss company, has invested $500 million to support the Volt project, which aims to build strategic reserves of critical minerals in the United States to ensure supply continuity during market disruptions. This comes amid China's control of approximately 70% of global rare earth mining and 85% of refining capacity, highlighting the challenges the U.S. faces in securing these vital materials. The company announced its commitment in New York during the UN summit, along with the selection of Glencore as a founding partner of the project, helping to reduce U.S. dependence on China for rare minerals.

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