Elliott Investment hunts for big mining investment

Hyperion

Elliott Investment is setting up a new venture which is called Hyperion whose main aim is to buy across all assets, a mining asset which is worth more than $1 billion. Assets that are under Elliott’s consideration are base and precious metals. The venture according to Reuters will be led by former Newcrest Mining CEO Sandeep Biswas.

Hedge fund

If the opportunity arises the venture is ready to leverage the $65 billion that it has under management. Moreover, the Financial Times provides that by 2035, demand for lithium, nickel, and cobalt is expected to be 23 times higher than in 2021, with copper demand doubling over the same period.

Elliott Investment Management didn’t comment on the news.