Trump launches $12 billion minerals stockpile to counter China: Report
- Posted on February 2, 2026
- By Business News Today
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Trump launches $12 billion minerals stockpile to counter China: Report
America is set to launch a significant critical minerals stockpile. This initiative, backed by $12 billion, aims to counter China's influence on vital mineral prices. The project, named Project Vault, will involve private funding and a substantial loan from the U.S. Export-Import Bank. Major companies like General Motors and Boeing are participating.