Trump Launches 'Project Vault' to Stockpile Rare Earths

Watch on YouTube ↗  |  February 02, 2026 at 22:37  |  1:47  |  Bloomberg Markets
Speakers
Donald Trump — President of the United States

Summary

President Donald Trump announced Project Vault, a $12 billion initiative to stockpile critical minerals and rare earths, combining $10 billion in Export-Import Bank financing and $2 billion in private-sector financing. Trump said the reserve is meant to prevent shortages for American industry and reduce reliance on foreign supply chains. He also highlighted mining-project investment, expedited federal permitting, and critical-mineral deals with other countries.

  • Trump launches Project Vault for critical minerals and rare earths.
  • Program combines $10B EXIM financing with $2B private financing.
  • Aims to protect U.S. businesses from supply shortages.
  • Administration cites mining investment and expedited permitting.
  • U.S. also signing critical-mineral deals with foreign countries.
  • Market implication: policy support for rare earths and critical minerals.
Ideas
Donald Trump President of the United States 0:08
Project Vault supports rare earths, critical minerals
Trump announced Project Vault, a $12 billion initiative combining $10 billion of Export-Import Bank financing and $2 billion of private-sector financing, to stockpile critical minerals and rare earths so U.S. businesses are not hurt by shortages. He also said his administration is investing in mining projects, expediting federal mine permitting, and signing major critical-mineral deals with foreign countries, all of which should support domestic critical-mineral and rare-earth demand and development.
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Speakers: Donald Trump  · Tickers: REMX