JPMorgan Chase has financed or facilitated $230bn into critical minerals, defence, and frontier technology in the first year of its 10-year, $1.5tn Security and Resiliency Initiative, reflecting a push to reduce US reliance on China.
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01Summary
- 01JPMorgan disclosed $230bn in financing or facilitation for sectors including critical minerals, defence, and frontier technology as part of its Security and Resiliency Initiative.
- 02The bank has committed $5bn of its own capital to defense-related startups, halfway through its $10bn allocation.
- 03JPMorgan took a 2.7% stake in Perpetua Resources, which owns the only identified US antimony reserve in Idaho.
- 04The bank helped arrange financing for Korea Zinc's $7.4bn processing plant in Tennessee, set to start commercial operations in 2029.
- 05JPMorgan led a $1.4bn funding round for weapons factory startup Hadrian and an $800m round for hypersonic missile maker Castelion.
02Why it matters
This signals a significant shift in Wall Street's alignment with national security priorities, creating new investment opportunities and potentially reshaping supply chains away from Chinese dominance.
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