U.S. President Donald Trump has announced plans to create a critical minerals reserve valued at $12 billion, designed to protect producers from supply shocks while reducing U.S. reliance on Chinese rare earths and other strategic metals.
The initiative, dubbed Project Vault, will utilize $12 billion in seed capital by combining $1.67 billion of private investment with a $10 billion loan from the U.S. Export-Import Bank for the purchase and storage of minerals critical to automakers, technology companies, and other manufacturers.
