Core Insights - Project Vault is a strategic initiative by the U.S. government to establish a critical-minerals stockpile with an initial funding of $12 billion, aimed at reducing reliance on Chinese rare earth minerals [1][2] - The funding structure includes $1.67 billion from private capital and a $10 billion loan from the U.S. Export-Import Bank, which is expected to authorize the loan shortly [1][2] - The initiative is designed to protect U.S. tech firms, automakers, and manufacturers from supply shocks related to critical minerals [2] Group 1 - Project Vault aims to create a stockpile of critical minerals to mitigate supply chain risks and reduce dependence on China [2] - The U.S. Export-Import Bank is anticipated to vote on a 15-year loan to support this initiative [2] - American Resources Corp. has entered into a $1.4 billion deal to develop a domestic rare earth magnet supply chain through partnerships with ReElement Technologies and Vulcan Elements [3]
Trump Set To Launch $12 Billion Critical Mineral Stockpile To Counter China Dependence: Report - Apple (NASDAQ:AAPL), American Resources (NASDAQ:AREC)