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Vance Unveils Minerals Trading Bloc Amid Trade War

2/5/2026

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Vance Announces Minerals Bloc
  • On February 4, 2026, Vice President JD Vance announced the Trump administration's plan to form a critical minerals trading bloc with allies.
  • The bloc would use tariffs to stabilize prices and secure essential minerals for defense and technology.
  • The plan stresses self-reliance and cites vulnerabilities from the U.S.–China trade war.
  • Greenland and Denmark were absent, and Project Vault would stockpile rare earth elements funded by significant loans and investments.
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