Trump to launch ‘Project Vault’ — $12B rare earth stockpile to reduce US reliance on China
President Trump is poised to launch a $12 billion stockpile of critical minerals to rival China’s supply in an attempt to stabilize prices for Ameri...
Last updated: 2026-02-02 20:13:20 ET
President Trump is poised to launch a $12 billion stockpile of critical minerals to rival China’s supply in an attempt to stabilize prices for Ameri...
President Trump is launching a $12 billion stockpile of critical and rare earth minerals, a White House official said.
'$12 billion in startup capital'
Trump's move is aimed at cutting America's dependence on China for materials essential to electric vehicles, defense systems and advanced technology.