Overview
- President Donald Trump announced Project Vault on Feb. 2, backed by a 15-year US$10 billion Export-Import Bank loan and about US$1.67 billion in private capital.
- More than a dozen manufacturers have joined the effort, including General Motors, Stellantis, Boeing, Corning, GE Vernova, and Alphabet’s Google.
- Commodity traders Hartree Partners, Traxys North America, and Mercuria Energy Group were tapped to procure and manage materials for the reserve.
- The stockpile will cover rare earths and other critical minerals such as gallium and cobalt, targeting a roughly 60-day emergency buffer for electronics, automotive, aerospace, and energy supply chains.
- The rollout is aligned with allied consultations in Washington to diversify non‑China supply chains, building on U.S. investments and cooperation agreements with partners like Australia.