Trump launches $12 billion minerals stockpile to counter China
Published on: Feb. 3, 2026, 6:55 a.m. | Source: The Economic Times
President Trump announced Project Vault, a $12 billion initiative to create a strategic stockpile of critical minerals. This plan, backed by a $10 billion EXIM Bank loan and $2 billion in private funding, aims to stabilize prices and support the U.S. auto industry. The U.S. seeks to counter perceived Chinese price manipulation for vital minerals essential to manufacturing.
