Trump Launches $12 Billion 'Project Vault' to Secure U.S. Mineral Supply Against China
The U.S. administration has unveiled 'Project Vault,' a $12 billion initiative aimed at reducing dependence on Chinese minerals. Introduced by President Trump, the project includes a government-backed strategic reserve for critical minerals and an aggressive mining policy to enhance domestic production by 2027. The plan involves significant financing, including a $10 billion loan from the Export-Import Bank and private capital, focusing on minerals like cobalt and nickel. The strategy also faces challenges from militant groups in Pakistan and Afghanistan, complicating resource extraction efforts.
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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.
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