Trump Announces 'Project Vault' To Counter China's 'Rare-Earth' Supremacy, Signs Executive Order
February 3, 2026
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3:20Now PlayingTrump Announces 'Project Vault' To Counter China's 'Rare-Earth' Supremacy, Signs Executive Order
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as posted by the channelThe Trump administration plans to deploy nearly $12 billion to build a strategic reserve of rare earth elements to counter China’s dominance in the sector. President Donald Trump announced “Project Vault,” funded by a $10 billion U.S. Export-Import Bank loan and $1.67 billion in private capital. The reserve aims to protect U.S. manufacturers from supply disruptions after China restricted exports during past trade disputes. China controls about 70% of mining and 90% of processing. The plan will be highlighted at a State Department meeting.
Trump Announces 'Project Vault' To Counter China's 'Rare-Earth' Supremacy, Signs Executive Order
#trump #projectvault #us #china #rareearth #ovaloffice #announcement #whitehouse #donaldtrump #mirrornow #worldnews
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