The bank said it will make direct equity and venture investments of up to $10 billion in select companies in the new initiative.
Topline
Shares of companies producing rare earth minerals surged Monday as JPMorgan announced a decade-long $1.5 trillion “Security and Resilience Initiative” aimed at investing in industries like artificial intelligence, manufacturing and critical minerals—and surely to curry favor with President Trump, who has urged major entities to invest in his “America First” economic agenda.Key Facts
JPMorgan announced a new « Security and Resilience Initiative” aimed at investing in industries it deems vital to U.S. national security, including taking $10 billion in direct stakes in select companies.
The company says the initiative will focus on four key industries: Supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience and frontier and strategic technologies, which are then further broken down into 27 sub-industries.
Shares of companies producing rare earths surged following the announcement – USA Rare Earth Inc. spiked 32%, MP Materials Corp. rose 24% and Lithium Americas Corp climbed 11%.
The announcement adds another $500 million to the $1 trillion JPMorgan said it had already set aside to support clients in areas like aerospace, energy and defense.
