The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
World Bank Mining News
Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.
Rio Tinto plans to offer technical consulting advice, as well as contribute $1 million over five years to the program.
The institution will stop all lending for oil and gas projects after 2019, with some exceptions.
AXA and three other French investment groups follow the World Bank's lead.