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Trump admin to create a strategic reserve for rare earths elements
Millennium Post Delhi
|February 03,2026
WASHINGTON: The Trump administration plans to deploy nearly USD 12 billion to create a strategic reserve of rare earth elements, a stockpile that could counter China’s ability to use its dominance of these hard to process metals as leverage in trade talks.
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US President Donald Trump
The White House confirmed on Monday the start of “Project Vault” which would initially be funded by a USD 10 billion loan from the US Export-Import Bank and nearly USD 1.67 billion in private capital. The minerals kept in the reserve would help to shield the manufacturers of autos, electronics and other goods from any supply chain disruptions.
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