Project Vault
Recently, the U.S. President Donald Trump announced Project Vault, a $12 billion public-private initiative to build a national stockpile of critical minerals and rare earths, aimed at reducing U.S. reliance on China.
- Project Vault is a government-backed stockpiling mechanism for minerals such as cobalt and gallium, which are essential for defence systems, electric vehicles, batteries, semiconductors and advanced manufacturing.
- The programme combines $1.67 billion in private seed funding with $10 billion from the U.S. Export-Import Bank, with companies committing in advance to buy minerals later at fixed inventory prices.
- Based on these commitments, Project Vault purchases and stores minerals, while ....
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