US International Development Finance Corporation, the US government's development finance institution, Lansdowne Partners, an investment institution, and Mercuria, a global energy trading company, led a $120m financing round in TechMet, a private company building projects that produce, process and re-cycle "technology metals" critical to EVs, renewable energy systems and energy storage. "The closure of this funding round marks a significant milestone for TechMet and its oversubscription is a clear reflection of our great projects and of the value the team has created in a short time. These funds give us a significant amount of firepower to expand our operations and add to our portfolio," Brian Menell, TechMet Founder, Chairman and CEO.