Trump's "Project Vault" Plans To Initially Buy Rare Earths From China
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Source: Zero Hedge
Published: 2026-05-05 12:10 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, Economy & Finance, China, Trade & Sanctions, Commodities, World News, US Politics, Business & Economy, Asia Pacific
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Snippet:
As we reported in February, the US Export-Import Bank’s proposed rare earth stockpiling initiative would initially source critical minerals from anywhere in the world - including China, an official involved in the project revealed to Bloomberg. The $12 billion Project Vault would later shift to a replenishment model that prioritizes domestic production first, followed by allied nations and other sources as a last resort, executives including Ex-Im Chief Banking Officer Brian Greeley said lastt week, unveiling some of the first
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