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Anand to attend U.S. meeting on international collaboration on critical minerals

The U.S. launched Project Vault with $11.67 billion in funding to secure rare earth supply chains and counter China's market dominance, officials said.

  • The State Department is convening an international confab in Washington on Wednesday where Foreign Affairs Minister Anita Anand will meet counterparts following U.S. President Donald Trump’s Monday announcement of "Project Vault" to boost rare earth collaboration.
  • After last year’s trade escalation, stopping China’s stranglehold on rare-earth minerals became a key priority as Beijing responded with retaliatory duties and export restrictions.
  • Funding and agenda items include a $10 billion loan from the U.S. Export‑Import Bank and nearly $1.67 billion in private capital, with U.S. Secretary of State Marco Rubio hosting representatives from European, African and Asian nations.
  • Additional bilateral agreements are expected on Wednesday, with Canada advancing rare earth collaboration while preparing a mandatory review of the Canada-U.S.-Mexico agreement this year, building on a co-investment deal with the U.S. Department of Defense.
  • The administration says the vault will shield manufacturers of autos and electronics, while the Trump administration signed mineral agreements with Australia and Japan.
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Winnipeg Free PressWinnipeg Free Press
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Anand to attend U.S. meeting on international collaboration on critical minerals

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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Winnipeg Free Press broke the news in Winnipeg, Canada on Wednesday, February 4, 2026.
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