America's Bold Strategy to Reclaim Critical Minerals Dominance

The Trump administration is unveiling a plan to rebuild supply chains for critical minerals, aiming to counter China's dominance. This involves creating a $12 billion U.S. strategic reserve and leveraging international partnerships. The initiative includes strategic investments and aims to stabilize the market by fostering domestic production.

The Trump administration is set to unveil a comprehensive strategy aimed at rebuilding the U.S. supply chain for critical minerals, essential for advanced technologies and aerospace industries. This plan includes establishing a $12 billion strategic reserve to counter China's dominant position in the sector.

Vice President JD Vance will deliver a keynote address at a global summit hosted by Secretary of State Marco Rubio. The U.S. aims to sign pivotal agreements on supply chain logistics, signaling its commitment to securing mineral resources and reducing reliance on Chinese imports.

As part of the initiative, the U.S. Export-Import Bank has greenlit a historic $10 billion loan to support the creation of the reserve, fostering a balanced public-private partnership. This strategic move seeks to invigorate domestic production and create sustainable pricing models, minimizing Chinese market influence.

(With inputs from agencies.)