Elliott Investment Management is preparing to roll out a new company with a $1 billion war chest to invest in metals mining assets around the globe.
Elliott Investment Management is preparing to roll out a new company with an at least $1 billion war chest to invest in metals mining assets around the world, to take advantage of the energy transition and the currently low market valuations of mining companies, the Financial Times reported on Friday, citing sources with knowledge of the plans. Elliott, the U.S.
Elliott expects to finance most of the planned investment in mining assets but if the opportunity arises for larger deals, it could seek a co-investor, sources close to the U.S. investment management firm told FT. The firm’s foray into metals mining assets comes at a good time for investors looking to buy the dip in mining stocks, which have suffered in recent months from the slump in the prices of key energy transition metals including lithium and nickel.
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