"United States President Donald Trump has announced the launch of a strategic minerals stockpile. The stockpile, called Project Vault, was announced on Monday. It will combine $2bn of private capital with a $10bn loan from the US Export-Import Bank. list of 4 itemsend of list It is the latest move by the White House to invest in rare-earth minerals needed in the production of key goods, including semiconductor chips, smartphones and electric car batteries."
"The move to develop a strategic stockpile is the latest in a slew of efforts by the Trump administration to take control of the means of production for critical rare-earth materials to limit reliance on other countries, particularly China, which has held up its exports to gain leverage in negotiations with Trump. Here's a look at some of the investments the US government has made in this space."
Project Vault is a strategic minerals stockpile combining $2 billion of private capital with a $10 billion loan from the US Export-Import Bank. The stockpile targets rare-earth minerals used in semiconductor chips, smartphones and electric vehicle batteries to prevent shortages affecting American businesses and workers. The initiative aims to reduce reliance on foreign suppliers, particularly China, by developing domestic production and control over critical rare-earth processing. In 2025 the US converted federal grants into equity stakes in seven companies, including a roughly 10 percent stake in USA Rare Earth supported by $1.6 billion from the CHIPS Act, and a roughly 10 percent, $1.9 billion stake in Korea Zinc to fund a Tennessee smelter.
Read at www.aljazeera.com
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