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Trump Unveils $12 Billion Mineral Reserve to Counter China

February 2, 2026 at 9:45 PM UTCPresident Donald Trump formally announced plans to launch a $12 billion critical minerals stockpile, in his latest effort to aid manufacturers while minimizing reliance on Chinese rare earths. The so-called Project Vault is meant to “ensure that American businesses and workers are never harmed by any shortages,” Trump said Monday at the White House....

Read more at bloomberg.com

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