1 of 3
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.
1 / 3
