{"id":278157,"date":"2026-02-03T07:59:13","date_gmt":"2026-02-03T07:59:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/278157\/"},"modified":"2026-02-03T07:59:13","modified_gmt":"2026-02-03T07:59:13","slug":"trump-launches-12-billion-minerals-stockpile-to-counter-china","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/278157\/","title":{"rendered":"Trump launches $12 billion minerals stockpile to counter China"},"content":{"rendered":"

U.S. President Donald Trump announced plans on Monday to launch a strategic stockpile of critical minerals backed by $10 billion in seed funding from the U.S. Export-Import Bank.<\/p>\n

“For years, American businesses have risked running \u200cout of critical minerals \u200cduring market disruptions,” Trump said during an Oval Office event.<\/p>\n

“Today, we’re launching what will be known as Project Vault<\/a> to ensure that \u200cAmerican businesses and workers are never harmed by any shortage.”
Washington has been moving to offset what policymakers view as Chinese manipulation of prices for lithium, nickel, rare earths and other critical minerals which are vital to making electric vehicles, high-tech weaponry and many other manufactured goods. That has stymied U.S. mining companies for years.<\/p>\n

The project will combine $2 billion in private funding with a $10 billion loan from the EXIM Bank to acquire and stockpile minerals for automakers, technology companies and other manufacturers, \u200cTrump said. \u200dThe export bank said it approved the loan on Monday.<\/p>\n

\"ETLive Events
Rare earth and critical \u200dminerals stocks, including MP Materials and USA Rare Earth Inc, rose \u200con media reports that an announcement on the $12 billion initiative was imminent.
General Motors<\/a> Chief Executive Mary Barra and mining billionaire Robert Friedland, who represent both producers and users of critical minerals, attended the Oval Office event.The project has attracted interest from a wide range of U.S. auto and technology companies.<\/p>\n

Commodities trading firms Hartree Partners, Traxys North America and Mercuria Energy Group would manage the procurement of raw materials for the stockpile, a Trump administration official familiar with the plan told \u200dReuters.<\/p>\n

Project Vault is intended to help the U.S. auto industry while letting companies keep related risks off their balance sheets, the official said, comparing the logistics of \u200dthe project to a \u2060Costco membership that allows \u2060for buying in large volumes.<\/p>\n

Another goal is to maintain a 60-day supply of minerals for emergency use, the official said, adding that mineral stockpiling was already under way.<\/p>\n

An executive structure is expected to be set up for the project and EXIM is likely to have a board seat, the official said.<\/p>\n

Last month, a bipartisan group of U.S. lawmakers introduced a bill to create a $2.5 billion stockpile of critical minerals, aimed at stabilizing market prices and encouraging domestic mining and refining.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump announced plans on Monday to launch a strategic stockpile of critical minerals backed by…\n","protected":false},"author":2,"featured_media":278158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[134922,134921,134919,72,134917,134915,113,14844,61,60,134916,134920,134914,134918],"class_list":{"0":"post-278157","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-american-mining-companies","9":"tag-automakers-technology-companies","10":"tag-bipartisan-lawmakers-bill","11":"tag-business","12":"tag-china-mineral-prices","13":"tag-critical-minerals-stockpile","14":"tag-economy","15":"tag-general-motors","16":"tag-ie","17":"tag-ireland","18":"tag-project-vault","19":"tag-rare-earths-stockpile","20":"tag-trump-minerals-stockpile","21":"tag-u-s-export-import-bank-loan"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/278157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=278157"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/278157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/278158"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=278157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=278157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=278157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}