Yes, based on reports from early February 2026, the Trump administration announced a major initiative to build a $12 billion strategic stockpile of rare earth elements and critical minerals, branded as "Project Vault".
The initiative, announced on February 2, 2026, is aimed at reducing U.S. reliance on China for key materials used in advanced technology, automobiles, and defense systems.
Key Details of "Project Vault" (2026):
Funding: The project is financed by a $10 billion loan from the U.S. Export-Import Bank, combined with $1.67 billion in private capital.
Goal: To establish a secure supply of materials—such as cobalt, graphite, and various rare earths—for U.S. manufacturers, shielding them from supply shocks or foreign restrictions.
Comparison: President Trump likened the initiative to the Strategic Petroleum Reserve, creating an "emergency cache" of minerals.
Partnerships: More than a dozen companies, including automakers and tech firms, are involved in the initiative to support domestic supply chains.
The move follows previous efforts by the administration to secure critical mineral supplies, including investments in miners like USA Rare Earth and MP Materials.
Yes, President Trump officially launched an initiative in February 2026 to create a major strategic reserve for rare earth elements and other critical minerals.
Project Vault Overview
Purpose: The initiative, branded as "Project Vault," aims to reduce U.S. reliance on China for minerals essential to manufacturing electric vehicles, smartphones, and defense technology.
Funding: The stockpile is backed by roughly $12 billion, consisting of a $10 billion loan from the U.S. Export-Import Bank (EXIM) and approximately $1.67 billion to $2 billion in private capital.
Strategy: Trump has likened this reserve to the Strategic Petroleum Reserve, intending it to act as a buffer against supply chain shocks or trade leverage from foreign nations.
Key Details
Corporate Involvement: Major companies—including General Motors, Alphabet (Google), Boeing, and Stellantis—are expected to participate in the public-private partnership.
Included Minerals: Beyond rare earths, the stockpile will include over 50 critical minerals, such as gallium, cobalt, lithium, and graphite.
International Coordination: The administration is also pursuing a U.S.-led trading bloc with allies like Australia and Japan to further secure supply chains.
https://www.google.com/search?q=is+trump+calling+for+a+rare+earth+reserve+stockpile+in+2026+google
Norb Leahy, Dunwoody GA Tea Party Leader
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