- The reserve, dubbed Project Vault, will include roughly $1.67 billion from private investors with a $10 billion loan from the U.S. Export‑Import Bank.
- This stockpile is designed to function similarly to the nation’s emergency oil reserve.
- More than a dozen companies have reportedly signed on for the reserve, including major automakers and tech firms such as General Motors and Alphabet.
President Donald Trump’s administration is said to unveil a $12 billion minerals stockpile, combining private sector contributions with a substantial government loan.
According to a Bloomberg report, the initiative will create a centralized reserve of essential metals and minerals, including rare earths, to help shield companies from volatile global markets influenced by China.
Purpose And Structure
The reserve dubbed Project Vault will include roughly $1.67 billion from private investors with a $10 billion loan from the U.S. Export‑Import Bank to buy and store minerals essential to sectors like automotive, aerospace, and electronics, cited the report.
This stockpile is designed to function similarly to the nation’s emergency oil reserve, but for metals used in batteries, semiconductors, and advanced manufacturing tools.
Tackling Supply Chain Risks
The initiative comes as Washington intensifies efforts to lessen U.S. dependence on China, which dominates the processing and export of many of these materials. China controls more than 90% of the world’s refined rare-earth metals, which are essential for products ranging from computer chips to missile defense systems.
Tensions between the countries flared in 2025 after China restricted rare earth exports, targeting semiconductor manufacturers and defense companies in particular.
Though the countries have consequently signed an agreement to ease supply tensions, the White House has intensified efforts to boost U.S. production of key minerals. The government has invested in companies including Lithium Americas, MP Materials, Critical Metals, and Trilogy Metals. Shares of MP Materials climbed over 4% higher in Monday's pre-market following the update.
More than a dozen companies have reportedly signed on for the reserve, including major automakers and tech firms such as General Motors (GM) and Alphabet (GOOG). According to the report, commodities traders will manage procurement to stock the reserve, which will allow participating manufacturers to draw materials based on their production needs.
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