Weekly Digest: AustralianSuper to double lithium investments; Norway SWF drops two Asian firms from portfolio
AustralianSuper to invest in minerals poised to gain from energy transition; Norway wealth fund excludes two Asian companies over ethical concerns; US pension funds invested in TikTok parent; Temasek's venture capital arm to launch Japan-focused fund; and more.
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AustralianSuper will more than double its investments in lithium over the coming three years, as the superannuation fund seeks to benefit from energy transition and new trading patterns routes forged by the US and China.
AustralianSuper also plans to deploy more capital in critical minerals over the coming five years through investments in Australia, Africa, and North and South America, senior portfolio manager Luke Smith said.
Source: Australian Financial…
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