Monday, February 02, 2026

US_ Trump looks to secure critical minerals through first-of-its-kind stockpile (Tom Howell Jr. - THE WASHINGTON TIMES)

THE WASHINGTON TIMES

Trump looks to secure critical minerals through first-of-its-kind stockpile


President Donald Trump walks on the South Lawn upon his arrival to the White House, Sunday, Feb. 1, 2026, in Washington. (AP Photo/Jose Luis Magana) more >

By Tom Howell Jr. - The Washington Times - Monday, February 2, 2026


President Trump is launching a critical minerals stockpile Monday to reduce U.S. reliance on China for supplies of cobalt, lithium and other precious materials that major companies need.

The project will be called Project Vault and will start with $2 billion in private seed money, paired with a $10 billion loan from the Export-Import Bank, according to Bloomberg News.

Major companies, including Google, General Motors and Boeing, are expected to join the venture, and the Ex-Im Bank will vote whether to approve the loan on Monday, the report said.

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READ MORE: https://www.washingtontimes.com/news/2026/feb/2/trump-looks-secure-critical-minerals-first-kind-stockpile/

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