Trump Plans $12 Billion Critical Minerals Stockpile to Curb China Reliance
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President Trump plans to establish a $12 billion critical minerals stockpile to reduce dependence on China's rare earth supply. The initiative, named Project Vault, will utilize $1.67 billion in private funding and a $10 billion loan from the U.S. Export-Import Bank. This stockpile aims to support commercial needs, especially as China imposes export restrictions. Rare-earth stocks are rising, with companies like Google and Boeing showing interest in the project, which includes fixed-price purchase commitments for price stabilization.
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