This is how much the Trump administration is investing in "Project Vault" to break China's dominance in rare earths.
💎 Resource Reserve: The US is establishing its first commercial strategic reserve for critical minerals—funded by the largest-ever loan from the US Export-Import Bank ($10 billion) plus $1.67 billion from GM, Boeing, and Google.
The Context: China mines 70% of the world's rare earths but processes 90%. This week, Washington is hosting the first-ever raw materials ministerial meeting. Attendees include: India, South Korea, and Australia. Paradoxically, these are the very countries on which Trump is simultaneously imposing tariffs.
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