President Donald Trump announced plans to establish a $12 billion strategic reserve of critical minerals on February 2. The initiative, named Project Vault, will combine $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank for the purchase and storage of minerals essential to automakers, technology companies, and other manufacturers.
This move aims to protect producers from supply disruptions while reducing the United States’ dependence on Chinese rare earths and other metals.
