Trump's Strategic Move: Launching 'Project Vault' for Critical Minerals

President Trump launches 'Project Vault' with $12 billion in seed money to create a critical minerals stockpile, aiming to combat Chinese market manipulation. The initiative, partnering with the U.S. Export-Import Bank, targets stabilizing costs for critical minerals used in various industries.

In a strategic move to counter Chinese dominance in the critical minerals market, U.S. President Donald Trump is orchestrating the launch of 'Project Vault'. This initiative aims to establish a critical minerals stockpile with a substantial $12 billion in initial investment, courtesy of the U.S. Export-Import Bank.

The move represents Washington's effort to stabilize market prices for essential components like lithium, nickel, and rare earths, which are integral to industries ranging from electric vehicles to advanced weapon systems. The project uniquely combines private sector funding with a significant $10 billion loan to secure and manage mineral resources for automakers and tech companies.

Amidst rising interest, Trump is expected to convene with high-profile industry leaders, including GM Chief Executive Mary Barra and mining mogul Robert Friedland. As the plan solidifies, commodities firms like Hartree Partners and Mercuria will oversee raw material procurement, ensuring a steady supply to fail-safe American industrial needs.