Trump launches $12 billion critical minerals reserve to counter China's dominance

theguardian.com

President Trump announced a $12 billion critical minerals reserve to counter China's dominance in the sector. Project Vault aims to protect American businesses from shortages, drawing parallels to the Strategic Petroleum Reserve. The initiative is funded by a $10 billion loan and private capital. Eleven other countries are expected to join the project, with a ministerial meeting on critical minerals scheduled for Wednesday. China currently controls a significant portion of global rare earth mining and processing.


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