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Trump Unveils $12 Billion Project Vault to Secure Minerals

2/2/2026

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Summary

Story summary

U.S. President Donald Trump launches Project Vault, a $12 billion strategic minerals stockpile to reduce reliance on Chinese materials.
Funding combines private investment of $1.67 billion with a $10 billion loan from the U.S. Export-Import Bank.
More than a dozen major companies, including General Motors and Boeing, participate as the Ex-Im Bank board plans to authorize the loan.

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Story summary

U.S. President Donald Trump launches Project Vault, a $12 billion strategic minerals stockpile to reduce reliance on Chinese materials.
Funding combines private investment of $1.67 billion with a $10 billion loan from the U.S. Export-Import Bank.
More than a dozen major companies, including General Motors and Boeing, participate as the Ex-Im Bank board plans to authorize the loan.