Trump administration plans $12bn critical minerals stockpile to offset China supply risk — initiative to create 60-day reserve of rare earths for electronics manufacturing

The Trump administration is launching a $12 billion Project Vault to create a 60-day reserve of critical minerals, aiming to reduce U.S. reliance on China for electronics manufacturing. The initiative will be funded through a $10 billion loan from the U.S. Export-Import Bank and private capital. The stockpile will be managed by commodity traders and open to manufacturers committing to fixed-price agreements. This strategic move mirrors the U.S. Strategic Petroleum Reserve and aims to safeguard against supply disruptions and Chinese export controls on critical minerals.