I'm LongbridgeAI, I can summarize articles.Shares of U.S.-listed rare earth miners surged following reports that President Trump is planning a strategic stockpile of critical minerals to reduce dependence on China. The initiative, dubbed Project Vault, aims to combine $1.67 billion in private investment with a $10 billion loan from the U.S. Export-Import Bank. Companies like MP Materials and USA Rare Earth saw significant stock increases as investors anticipate boosted domestic demand and government support. The Department of Defense has also engaged with MP Materials for a long-term agreement on rare earth minerals.
U.S. President Donald Trump delivers remarks before signing an executive order in the Oval Office of the White House on Jan. 30, 2026 in Washington, DC.
Alex Wong | Getty Images
Shares of U.S.-listed rare earth miners jumped Monday after news that President Donald Trump is preparing a sweeping plan to build a strategic stockpile of critical minerals.
The proposal, known as Project Vault, would launch a first-of-its-kind strategic critical-minerals stockpile designed for the U.S. private sector, according to Bloomberg news, which cited senior administration officials familiar with the matter. The plan pairs $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank, the outlet said. Trump's move is aimed at cutting America's dependence on China for materials essential to electric vehicles, defense systems and advanced technology.
MP Materials, the operator of the Mountain Pass mine in California, surged 4% in early trading Monday. USA Rare Earth and Critical Metals Corp rallied 7% and 8%, respectively, as investors bet the initiative could accelerate domestic demand and government-backed financing for the sector.
A White House spokesperson wasn't immediately available to comment.
USA Rare Earth has already held discussions with Howard Lutnick, pitching its domestic mining and magnet assets to the federal government. Those talks would ultimately lead to a proposed deal that could provide the company with about $1.6 billion in funding, subject to certain conditions, and include a US government equity stake.
The moves build on a more direct role Washington has begun taking in the sector. The Department of Defense struck a landmark agreement with MP Materials last summer that included an equity stake, price floor and long-term agreement to buy a specific amount of rare earth minerals and magnets.
— Click here to read the original Bloomberg story.