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Why The U.S. Is Spending $12B To Stockpile Critical Minerals

Posted

February 5, 2026

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The Trump administration is launching Project Vault, a partnership with private industry to ramp up production of critical minerals in the U.S. CNBC’s Pippa Stevens shares how this effort could impact businesses like GE, Alphabet and General Motors while backstopping large-scale miners like MP Materials and USA Rare Earth.

Reporting by: Pippa Stevens

Produced by: Magdalena Petrova, Carlos Waters

Edited by: Darren Geeter

Senior Managing Producer: Shawn Baldwin

Additional Footage: Getty Images

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Why The U.S. Is Spending $12B To Stockpile Critical Minerals

Guests & Subjects Covered

The TrumpProject VaultUS CNBCs Pippa StevensGE AlphabetGeneral MotorsMP MaterialsUSA Rare Earth ReportingPippa Stevens Produced

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Why The U.S. Is Spending $12B To Stockpile Critical Minerals · Cnbc · Sentinel