Resources & Statecraft Desk

Sovereign capital in critical minerals, mining, and resource supply chains.

LATEST

BNDES Approves R$77.5 Million for a Rare-Earth Pilot — Brasília Buys the Know-How Before the Tonnage

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Sep 14, 2026

Resources & Statecraft Desk

A £71 Million Headline, £36 Million of Equity, and a Right to Negotiate for Half the Tungsten

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Sep 5, 2026

Resources & Statecraft Desk

Kinshasa Signed Away the Risk and Kept the Royalty

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Sep 5, 2026

Resources & Statecraft Desk

Washington Capitalized the Offtake, Not the Mine — US$750 Million of Department of War Equity Inside a US$1.55 Billion Vehicle

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Aug 26, 2026

Resources & Statecraft Desk

Seoul Will Lend a Billion to a Trader, Not a Mine

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Aug 25, 2026

Resources & Statecraft Desk

Six of Seoul's Seven Seeds Are Frontier Technology. The Seventh Is a Warehouse.

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Aug 17, 2026

Resources & Statecraft Desk

The Lobito Corridor Crosses Into Zambia — a First Tranche, With Rome Riding Along

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Aug 14, 2026

Resources & Statecraft Desk

The Pentagon's Lender Signs for the Anode America Does Not Make

•

Aug 14, 2026

Resources & Statecraft Desk

Africa's Development Bank Backs a Chinese-Owned Battery Gigafactory — With Volkswagen Along for the Ride

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Aug 5, 2026

Resources & Statecraft Desk

Two Lenders, Not Four — €312 Million Reaches Financial Close on Gabon's Railway

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Aug 5, 2026

Resources & Statecraft Desk

A US$500 Million Subsidy Buys the Pentagon Up to US$100 Billion in Critical-Minerals Credit

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Aug 2, 2026

Resources & Statecraft Desk

Beijing Puts a Name on Its Mining Consolidator — NDRC Selects an Already-Registered Vehicle, Not a New One

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Aug 2, 2026

Resources & Statecraft Desk

Brazil's BNDES Opens a R$15 Billion Mining Line — the Hemisphere's Largest Single Sovereign-Debt Envelope for Critical Minerals

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Aug 2, 2026

Resources & Statecraft Desk

Canada Stakes Its Critical-Minerals Play — State Equity and Offtake Rights in Teck Trail

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Aug 2, 2026

Resources & Statecraft Desk

The Pentagon Puts a Price on Lithium — a US$300 Million Solicitation Opens Project Vault's First Named Tranche

•

Aug 2, 2026

Resources & Statecraft Desk

Two Public Lenders and an African Arranger Reach Financial Close on the Copper-Cobalt Railway

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Aug 2, 2026

Resources & Statecraft Desk

Washington's Development Bank Makes Its First Move Into Madagascar's Rare-Earth Clay

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Aug 2, 2026

Resources & Statecraft Desk

Canberra Reaches Final Investment Decision on Alcoa's Gallium Line — a Tenth of World Demand, Anchored Under the U.S.–Australia Framework

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Jul 26, 2026

Resources & Statecraft Desk

Canada Stands Up a Sovereign Wealth Fund — and a Minerals Apparatus to Go With It

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Jul 8, 2026

Resources & Statecraft Desk

Arafura Reaches Final Investment Decision — and Three Governments Are in the Cap Table

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Jul 8, 2026

Resources & Statecraft Desk

The Lobito Corridor's Financing Is Still Being Built — One Lender at a Time

•

Jul 7, 2026

Explainer

Why the Chokepoint Is the Refinery, Not the Mine

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Jul 7, 2026

Resources & Statecraft Desk

Against the Bilateral: How the West Is Countering Belt and Road With Committees

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Jul 6, 2026

Resources & Statecraft Desk

One Board Vote, Four Deals: Inside the DFC's US$2.5 Billion Package

•

Jul 5, 2026

Resources & Statecraft Desk

An Early Signal: Washington's Development Bank Said to Be Eyeing Tungsten in Kazakhstan

•

Jul 5, 2026

Resources & Statecraft Desk

LATEST

BNDES Approves R$77.5 Million for a Rare-Earth Pilot — Brasília Buys the Know-How Before the Tonnage

A £71 Million Headline, £36 Million of Equity, and a Right to Negotiate for Half the Tungsten

Kinshasa Signed Away the Risk and Kept the Royalty

Washington Capitalized the Offtake, Not the Mine — US$750 Million of Department of War Equity Inside a US$1.55 Billion Vehicle

Seoul Will Lend a Billion to a Trader, Not a Mine

Six of Seoul's Seven Seeds Are Frontier Technology. The Seventh Is a Warehouse.

The Lobito Corridor Crosses Into Zambia — a First Tranche, With Rome Riding Along

The Pentagon's Lender Signs for the Anode America Does Not Make

Africa's Development Bank Backs a Chinese-Owned Battery Gigafactory — With Volkswagen Along for the Ride

Two Lenders, Not Four — €312 Million Reaches Financial Close on Gabon's Railway

A US$500 Million Subsidy Buys the Pentagon Up to US$100 Billion in Critical-Minerals Credit

Beijing Puts a Name on Its Mining Consolidator — NDRC Selects an Already-Registered Vehicle, Not a New One

Brazil's BNDES Opens a R$15 Billion Mining Line — the Hemisphere's Largest Single Sovereign-Debt Envelope for Critical Minerals

Canada Stakes Its Critical-Minerals Play — State Equity and Offtake Rights in Teck Trail

The Pentagon Puts a Price on Lithium — a US$300 Million Solicitation Opens Project Vault's First Named Tranche

Two Public Lenders and an African Arranger Reach Financial Close on the Copper-Cobalt Railway

Washington's Development Bank Makes Its First Move Into Madagascar's Rare-Earth Clay

Canberra Reaches Final Investment Decision on Alcoa's Gallium Line — a Tenth of World Demand, Anchored Under the U.S.–Australia Framework

Canada Stands Up a Sovereign Wealth Fund — and a Minerals Apparatus to Go With It

Arafura Reaches Final Investment Decision — and Three Governments Are in the Cap Table

The Lobito Corridor's Financing Is Still Being Built — One Lender at a Time

Why the Chokepoint Is the Refinery, Not the Mine

Against the Bilateral: How the West Is Countering Belt and Road With Committees

One Board Vote, Four Deals: Inside the DFC's US$2.5 Billion Package

An Early Signal: Washington's Development Bank Said to Be Eyeing Tungsten in Kazakhstan

Capital Statecraft

Capital Statecraft