Wedoany.com Report-Oct. 14, JPMorgan Chase on Monday announced the launch of its Security and Resiliency Initiative, pledging up to $1.5 trillion over the next 10 years to strengthen US supply chains. Chairman and CEO Jamie Dimon highlighted the importance of critical minerals for national security.

The plan expands on a previous $1 trillion target and aims to address vulnerabilities revealed by geopolitical risks and heavy reliance on foreign sources. As part of the initiative, JPMorgan is establishing a $10 billion direct investment pool for equity and venture capital in US-based companies.

“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,” Dimon said.

The initiative focuses on 27 sub-sectors, including mining, refining, solar and nuclear energy, battery storage, and munitions. JPMorgan will provide customized financing, advisory services, and partnerships to support scaling of domestic production. “This new initiative includes efforts like ensuring reliable access to… critical minerals,” Dimon added.

To implement the plan, the bank, which holds $4.6 trillion in assets and $357 billion in stockholders’ equity, will hire field specialists, create an advisory council with industry leaders, and advocate for streamlined permitting processes and reduced regulatory barriers. These measures aim to overcome longstanding challenges in launching new mining and production projects in the US.

Through the Security and Resiliency Initiative, JPMorgan intends to strengthen domestic manufacturing and resource supply, reduce dependency on foreign sources, and enhance the reliability and resilience of critical infrastructure. The initiative also seeks to support innovation and investment in strategic sectors, aligning financial resources with national priorities in energy, technology, and materials.

By combining capital deployment, industry expertise, and policy engagement, JPMorgan aims to build a more robust domestic supply chain ecosystem. This approach is expected to create economic opportunities while addressing key risks associated with supply shortages and global market volatility.

The announcement underscores JPMorgan’s commitment to using its financial and advisory capabilities to support national priorities, ensuring critical industries have reliable access to essential resources while promoting sustainable and secure growth in the US industrial and energy sectors.