All articles tagged with #project vault
The Trump administration is expected to roll out a comprehensive plan to rebuild U.S. critical mineral supply chains, including partnerships and purchase agreements and a $12 billion strategic reserve to counter China, alongside the launch of Project Vault funded by the Export-Import Bank and private capital, with VP JD Vance set to keynote a Rubio-hosted international meeting.
The US plans a $12 billion critical minerals stockpile (Project Vault) to counter China’s dominance, financed with $10 billion from the Export-Import Bank and $2 billion from private capital. It will stockpile minerals such as rare earths, copper and lithium via Traxys, Mercuria and Hartree Partners, aiming for about 60 days of material for emergencies and to shield manufacturers from supply shocks; membership includes major firms, though analysts say it’s a meaningful first step rather than an immediate fix.