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Rheinmetall and Bank of America Shift Focus to North America Amid Venezuela Shock; Globex Mining Positioned for Growth

DEFENSE

The USA's actions in Venezuela have triggered significant shifts in investment strategies among Western institutions, with a focus on North America deemed a safer option. The Bank of America is redirecting capital flows from riskier projects in Africa, Latin America, and Central Asia to stable investments in the US and Canada.

This trend, termed 'Friendshoring,' is driven by the need for legal security and the avoidance of expropriation risks. Companies like Globex Mining, which hold substantial land and mining rights in North America, are becoming key players in future resource supply.

The heightened demand for military supplies has further increased pressure on Western defense contractors like Rheinmetall, which report strong order books amid fragile supply chains. Globex Mining's strategy involves acquiring and developing promising properties, then partnering with firms to assume financial risks while retaining royalties and benefits from successful ventures. Their portfolio includes gold, copper, zinc, lithium, and rare earth projects across North America.

Rheinmetall and Bank of America Shift Focus to North America Amid Venezuela Shock; Globex Mining Positioned for Growth
Jan 6, 2026, 4:21 PM

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