US EditionTrump launches $12 billion minerals stockpile to boost US manufacturing, counter China
Project Vault will use $12 billion, including $10 billion in government loans and $1.67 billion private capital, to stockpile minerals vital for U.S. industries and reduce Chinese supply risks.
- On Monday, President Donald Trump announced Project Vault, a $12 billion strategic stockpile to reduce U.S. dependence on China for critical minerals and supply automakers, tech firms, and defense contractors.
- China's dominance in processing has left the U.S. vulnerable, with Beijing controlling about 70% of rare-earth mining and 90% of processing, while the U.S. relied entirely on imports for 12 minerals in 2024.
- The plan pairs a $10 billion EXIM loan with nearly $1.67 billion in private capital, with Hartree Partners LP, Traxys North America LLC, and Mercuria Energy Group Ltd. handling purchases while EXIM's board was set to vote on a 15-year loan authorization.
- Investors bid up rare-earth stocks after the news as shares of U.S.-listed rare earth miners jumped Monday and MP Materials surged 4%, while administration officials say the stockpile will stabilize supplies and help participating manufacturers avoid costly stockpiles.
- At a Washington summit on Wednesday, officials will urge allied nations to pursue similar pacts, building on last week's $1.6 billion Rare Earths USA investment and the October US-Australia framework of $12.2 billion.
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224 Articles
US President Donald Trump has signed an executive order to create a strategic reserve of key rare earth minerals in the US to reduce the country's dependence on China. China dominates their mining and processing. The project will initially cost almost $12 billion (246 billion crowns).
Critical Metals, USA Rare Earth, MP Materials Climb In Tuesday Pre-Market: What's Going On? - American Resources (NASDAQ:AREC), Critical Metals (NASDAQ:CRML)
Shares of U.S. rare earth miners climbed in pre-market trading on Tuesday, following President Donald Trump‘s launch of a $12 billion critical mineral reserve. Shares of Critical Metals (NASDAQ:CRML), USA Rare Earth (NASDAQ:USAR), and MP Materials Corp (NYSE:MP) climbed 6.04%, 4.08%, and 3.76%, respectively. Additionally, Energy Fuels (AMEX:UUUU) and United States Antimony Corp (AMEX:UAMY) rose 3.76% and 5.09%, each. Rare Earths Key To New US S…
US President Donald Trump announced this Monday the launch of a reserve of rare earths and critical minerals for non-military purposes worth 12 billion dollars (10,160 million euros) in an effort to reduce dependence on imports from China and limit Beijing’s influence on the commercial level. “Today we announce the creation of the US strategic reserve of critical minerals, the first reserve in the history of the critical minerals that has been t…
Rare earths are needed, among other things, for magnets. They are promoted in many places - but China largely controls the finishing. For US companies there is now a reserve.
President Donald Trump said the United States would create a $12 billion strategic reserve of rare earth elements and other important minerals, aiming to reduce dependence on China, which controls most of the processing of these metals.
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