Critical Mineral Stockpile
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Trump to launch $12 billion critical mineral stockpile to blunt reliance on China
Yahoo Finance· 2026-02-02 13:16
(Bloomberg) — President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money, a bid to insulate manufacturers from supply shocks as the US works to slash its reliance on Chinese rare earths and other metals. The venture — dubbed Project Vault — is set to marry $1.67 billion in private capital with a $10 billion loan from the US Export-Import Bank to procure and store the minerals for automakers, tech firms and other manufacturers. Most Read from Bloomberg ...