The administration is creating these inventories to reduce industrial reliance on supply chains dominated by China, according to Reuters. The program is intended to ensure that American manufacturers remain operational during market disruptions or geopolitical events that could halt the flow of critical minerals.
Wednesday, October 21, 2026
Story
US Builds $12B Mineral Reserve With Traders to Counter China Dominance
Commodities27 days ago
Mercuria and Glencore have each committed $500M to a strategic U.S. government initiative designed to safeguard the domestic supply of essential raw materials. The Export-Import Bank is coordinating the effort, known as Project Vault, to establish a $12B critical-minerals stockpile. The total funding consists of a $10B loan from the bank and approximately $2B in private capital, with Glencore acting as the reserve's fourth named supplier.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.