President Donald Trump speaks to the press about a critical minerals stockpile with $12 billion in initial funding, as Washington seeks to lower reliance on China for rare earths and other resources, in the Oval Office of the White House in Washington, on Feb. 2, 2026. Saul Loeb/AFP via Getty Images
President Donald Trump announced on Feb. 2 a new strategic private sector critical minerals stockpile.
The newly launched “Project Vault” is being seeded with $1.67 billion in private capital and a $10 billion loan from the U.S. Export-Import Bank, and is meant to insulate U.S. industries from market disruptions such as the seismic critical minerals rule change Beijing previewed last year.
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Original News Source Link – Epoch Times
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