Trump’s Strategic Mineral Stockpile Plan Sparks Rare-Earth Rally
TL;DR Summary
Trump plans Project Vault to create a private-led, strategic stockpile of critical minerals backed by a $10 billion Ex-Im loan and about $1.67 billion in private capital, aiming to reduce U.S. dependence on China; following the news, MP Materials, USA Rare Earth and Critical Metals Corp rallied on expectations of stronger domestic demand and potential government backing.
- Rare earth miners jump as Trump is eyeing mineral stockpile to reduce China dependence CNBC
- Trump to Launch $12 Billion Critical Mineral Stockpile to Blunt Reliance on China Bloomberg
- Trump administration to create a strategic reserve for rare earths elements ABC News
- Trump Wants a Critical Minerals Stockpile, Report Says. What It Means for MP Stock. Barron's
- Trump launches $12 billion minerals stockpile to boost US manufacturing, counter China Reuters
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