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Trump Unveils $12B Project Vault to Secure Minerals Supply

2/7/2026

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Summary

Story summary

On February 2, 2026, U.S. President Donald Trump announced Project Vault, a $12 billion plan to create a critical minerals stockpile and cut reliance on China.
The Trump administration has taken equity stakes in at least ten companies, including Intel and USA Rare Earth.
Critics say the plan deviates from Republican free-market principles and creates conflicts of interest within a strategy to secure critical mineral supply chains.

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Story summary

On February 2, 2026, U.S. President Donald Trump announced Project Vault, a $12 billion plan to create a critical minerals stockpile and cut reliance on China.
The Trump administration has taken equity stakes in at least ten companies, including Intel and USA Rare Earth.
Critics say the plan deviates from Republican free-market principles and creates conflicts of interest within a strategy to secure critical mineral supply chains.