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Project Vault
February 10 , 2026
11 hrs 0 min
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- US President Donald Trump announced Project Vault, a $12-billion initiative to build a strategic stockpile of critical minerals.
- Project Vault is a public–private partnership to purchase and store critical minerals and rare earth elements.
- The programme includes $1.67 billion in private funding and up to $10 billion in support from the US Export-Import Bank.
- Minerals targeted include cobalt, lithium, gallium, and rare earth elements, used in batteries, semiconductors, defence electronics, and jet engines.
- The initiative aims to reduce US dependence on China for mineral supply chains.
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