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Trump launches $12-bn minerals stockpile
Financial Express Bengaluru
|February 03, 2026
MOVE TO BOOST US MANUFACTURING
US PRESIDENT DONALD Trump is set to launch a strategic critical minerals stockpile with $12 billion in seed money from the US Export-Import Bank, a Trump administration official familiar with the plan said.
The investment marks Washington’s latest attempt to offset what policymakers view as Chinese manipulation of prices for lithium, nickel, rare earths and other critical minerals — vital for items from electric vehicles to high-tech weaponry— that has stymied American mining companies for years.
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