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

Project Vault aims to create a 60-day supply of rare earths and critical minerals with $12 billion in funding to reduce U.S. reliance on China, officials said.

  • President Donald Trump’s administration is expected to unveil its grandest plan yet to rebuild supply chains of critical minerals, including creation of a $12 billion U.S. strategic reserve.
  • The plan builds on Project Vault, a stockpile funded with a $10 billion U.S. Export‑Import Bank loan and nearly $1.67 billion in private capital, addressing mineral shortages for jet engines and smartphones.
  • The U.S. is expected to sign supply‑chain logistics deals, Secretary of State Marco Rubio met Tuesday with foreign ministers from South Korea and India, and Vice President JD Vance will keynote Wednesday at a multiregional meeting.
  • The plan would use purchase agreements with partners to secure mining and processing capacity, administration officials say the effort aims to counter China’s dominance in critical-minerals supply chains.
  • Project Vault’s financing mix of $10 billion Ex‑Im lending plus nearly $1.67 billion private capital signals a hybrid public‑private approach, and officials expect deals to be signed imminently.
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The Latest: Trump administration looks to rebuild critical mineral supply chain

President Donald Trump’s administration is expected to unveil its grandest plan yet to rebuild supply chains of critical minerals needed for everything from jet...

·Seattle, United States
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Komo NewsKomo News
+6 Reposted by 6 other sources
Center

US creates stockpile for critical minerals to protect manufacturers from China's dominance

The U.S. is creating a domestic stockpile of critical minerals in the Trump administration’s latest move to reduce the country’s reliance on China.

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