Trump Launching $12 Billion Stockpile of Rare Earth Minerals

Trump administration presses efforts to ensure supply of critical minerals outside of China

WASHINGTON (AP) — The Trump administration is expected to unveil its grandest plan yet to rebuild supply chains of critical minerals needed for everything from jet engines to smartphones, likely through purchase agreements with partners on top of creating a $12 billion U.S. strategic reserve to help counter China’s dominance. Vice President JD Vance is set to deliver a keynote address Wednesday at a meeting that Secretary of State Marco Rubio is…

Congo-Kinshasa: U.S. Government-Backed Consortium Signs MOU to Buy 40% of Two DR Congo Mines

The Orion Critical Mineral Consortium (Orion CMC), led by the private equity fund created in October by Orion Resource Partners and the U.S. International Development Finance Corporation (DFC), is planning to acquire a 40% stake in two mining ventures in the Democratic Republic of the Congo, according to a statement released Tuesday. The U.S. government investment in Orion CMC is "aimed at strengthening bilateral ties and securing critical miner…

Trump administration to create strategic reserve for rare earth elements

WASHINGTON — The Trump administration plans to deploy nearly $12 billion to create a strategic reserve of rare earth elements, a stockpile that cou...

Project Vault: US plans $20b critical mineral stockpile

United States President Donald Trump is set to launch a strategic critical-minerals stockpile with US$12 billion ($20b) in seed money, a bid to insulate...

Trump unveils $12bn critical minerals reserve in apparent move to counter China’s dominance

Other countries are expected to join Project Vault, which US president said would ensure that US businesses are ‘never harmed by any shortage’Donald Trump has announced the creation of a critical mineral reserve worth nearly $12bn, a stockpile that could counter China’s ability to use its dominance of the hard-to-process metals as leverage in trade talks.“Today we’re launching what will be known as Project Vault to ensure that American businesse…

US creating strategic reserve of critical minerals

The US leader emphasized that it will be used for civilian purposes in times of emergency