JPMorgan names critical minerals chief for $1.5T push

Andrew Frame will oversee investments of up to $10 billion to strengthen supply chains, expand manufacturing and advance strategic technologies.

JPMorganChase (NYSE: JPM) has appointed Andrew Frame to lead critical minerals investment efforts under its $1.5-trillion Security and Resiliency Initiative (SRI), placing him at the centre of a push to strengthen US and allied supply chains for materials essential to manufacturing, energy and defence.

Frame will oversee the bank’s critical minerals strategy across extraction, refining and processing, identifying investment opportunities and addressing bottlenecks that threaten access to strategic resources.

His mandate forms part of JPMorganChase’s 10-year initiative to facilitate financing and investment in industries considered vital to economic and national security.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing—all of which are essential for our national security,” JPMorganChase chairman and CEO Jamie Dimon said when the initiative was announced.

Frame’s appointment comes as Western governments and companies seek to diversify mineral supplies and reduce their exposure to concentrated overseas production and processing capacity.

Securing reliable sources of these materials has become increasingly important for defence systems, electric vehicles, renewable energy infrastructure and advanced technologies.

JPMorganChase’s SRI targets four broad sectors: supply chains and advanced manufacturing, defence and aerospace, energy independence and resilience, and frontier technologies.

JPMorganChase (NYSE: JPM) has appointed Andrew Frame to lead critical minerals investment efforts under its $1.5-trillion Security and Resiliency Initiative (SRI), placing him at the centre of a push to strengthen US and allied supply chains for materials essential to manufacturing, energy and defence.

Frame will oversee the bank’s critical minerals strategy across extraction, refining and processing, identifying investment opportunities and addressing bottlenecks that threaten access to strategic resources.

His mandate forms part of JPMorganChase’s 10-year initiative to facilitate financing and investment in industries considered vital to economic and national security.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing—all of which are essential for our national security,” JPMorganChase chairman and CEO Jamie Dimon said when the initiative was announced.

Frame’s appointment comes as Western governments and companies seek to diversify mineral supplies and reduce their exposure to concentrated overseas production and processing capacity.

Securing reliable sources of these materials has become increasingly important for defence systems, electric vehicles, renewable energy infrastructure and advanced technologies.

JPMorganChase’s SRI targets four broad sectors: supply chains and advanced manufacturing, defence and aerospace, energy independence and resilience, and frontier technologies.

The bank has identified 27 subcategories within those sectors, including critical minerals, nuclear energy, battery storage, semiconductors, robotics and advanced defence components.