US plans $12 billion strategic reserve for rare earth elements

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The Trump administration will establish a strategic reserve of rare earth elements with nearly $12 billion in funding. This initiative aims to counter China's market dominance and leverage in trade negotiations. The "Project Vault" will be financed by a $10 billion loan from the US Export-Import Bank and $1.67 billion in private capital. The reserve will protect manufacturers from supply chain disruptions caused by restricted exports of these critical minerals. China controls a significant portion of global rare earth mining and processing. This move mirrors the nation's petroleum reserve and follows previous US government investments in rare earth companies.


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