Investor that took on Exxon targets deals in critical minerals

Critical metals are coming under the spotlight more as western nations increasingly view supplies as a matter of national security. As rising usage in electric vehicles and renewables stokes fears of shortages in years to come, automakers are rushing to lock in supply and there’s been a surge of mining investment.

Engine No. 1, which is focused on sustainable investments, was founded by hedge fund manager Chris James and is based in San Francisco. It hired Belz from Blackstone Inc. last year to oversee investments in commodities businesses that are transitioning to cleaner fuels. “Shining a spotlight on a business like Vale Base Metals, in terms of what it offers to the market but also in terms of best practices, is showing what good looks like in the base metal space,” Belz said.Article content

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