US launches strategic critical minerals reserve
The US has launched Project Vault, a supply chain security initiative establishing a strategic critical minerals reserve.
The reserve will be an independently governed, public‑private partnership that will store essential raw materials in facilities across the country.
It is being designed to reduce potential for supply shocks and to support domestic production and processing of critical raw materials.
Funded by an Export-Import Bank Direct Loan of up to US$10bln, Project Vault is presented as having a net positive return for American taxpayers, while ensuring manufacturers have stable access to critical raw materials during periods of market disruption.
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