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Trump Unveils Project Vault to Secure Critical Minerals Supply

4/21/2026

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Summary

Story summary

U.S. President Donald Trump announced Project Vault to address critical minerals supply challenges.
John Jovanovic, president of the U.S. Export-Import Bank, said the first funding tranche will close soon.
The plan combines $2 billion in private funding with a $10 billion loan from the Export-Import Bank.
It aims to reduce dependence on Chinese supplies by improving storage, processing, and supply management.

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Story summary

U.S. President Donald Trump announced Project Vault to address critical minerals supply challenges.
John Jovanovic, president of the U.S. Export-Import Bank, said the first funding tranche will close soon.
The plan combines $2 billion in private funding with a $10 billion loan from the Export-Import Bank.
It aims to reduce dependence on Chinese supplies by improving storage, processing, and supply management.