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The U.S. administration, led by President Trump, has launched 'Project Vault,' a $12 billion initiative to reduce reliance on Chinese critical minerals. Announced on February 2, 2026, the project includes the establishment of a strategic reserve for the private sector and a new aggressive mining policy, 'Mine, Baby, Mine,' aimed at expediting mining permits.

Financing includes a $10 billion loan from the Export-Import Bank and $1.7 billion in private capital. The initiative seeks to ensure U.S. mineral independence by 2027, targeting minerals essential for electric vehicle batteries and semiconductor production. However, U.S. efforts face violent opposition from militants in regions like Pakistan and Afghanistan, complicating mining operations.