"For years, American businesses have risked running out of critical minerals during market disruptions,"
"Today, we're launching what will be known as Project Vault to ensure that American businesses and workers are never harmed by any shortage."
"You're covering everything with this ... We're not just doing certain minerals and rare earths. We're doing everything."
"is uniquely suited and puts America's best foot forward."
The United States unveiled Project Vault to build a Strategic Critical Minerals Reserve covering more than 50 government-defined critical minerals, expand domestic rare-earth processing, and secure long-term supply deals with manufacturers. The reserve is backed by a $10 billion EXIM loan plus up to $2 billion in private capital under a public-private partnership model. The European Union proposed a rare-earth alliance with Washington to strengthen resilience. US leadership also pursued a rare-earth trading bloc with mineral-producing countries to challenge China. Rare earths, lithium, cobalt and copper remain essential for EVs, robotics, AI, defense and renewable energy.
Read at www.dw.com
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