The administration of U.S. President Donald Trump is rolling out a $12 billion initiative to reduce America’s reliance on China for critical minerals used in advanced manufacturing, according to the South China Morning Post.
The plan, called Project Vault, will create the first commercial-scale strategic stockpile of minerals essential for electric vehicles, semiconductors, jet engines, and electronics.
JUST IN: 🇺🇸🇨🇳 President Trump announces a $12 billion 'Strategic Mineral Stockpile' to compete with China. pic.twitter.com/gLEacU1c8P
— Remarks (@remarks) February 2, 2026
A White House official said the initiative is designed to protect U.S. manufacturers from supply disruptions and price volatility.
Project Vault includes a $10 billion, 15-year loan from the Export-Import Bank of the United States and $1.67 billion in private investment. Participating companies include General Motors, Boeing, and Google.
The announcement comes as China maintains dominance over rare earth processing.
Trump has warned that U.S. dependence on foreign mineral supplies poses a national security risk and has directed agencies to negotiate new trade terms to strengthen domestic and allied supply chains.
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