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Trump launches $12 billion minerals stockpile to boost US manufacturing, counter China

Project Vault aims to build a $12 billion stockpile of critical minerals to reduce U.S. reliance on China and ensure a 60-day supply for manufacturing and defense, officials said.

  • The Trump administration is launching Project Vault, a $12 billion initiative for a critical minerals stockpile to reduce reliance on China, aimed at supporting U.S. manufacturers.
  • The project is funded by a $10 billion loan from the U.S. Export-Import Bank and $1.67 billion in private funding, focusing on rare earth elements.
  • Key companies, including General Motors, are participating to secure supplies for electric vehicles and other technologies.
  • The U.S. plans to meet with global partners to enhance cooperation on supply chain logistics for these minerals.
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US creates stockpile for critical minerals to protect manufacturers from China's dominance

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Reuters broke the news in United Kingdom on Monday, February 2, 2026.
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