"President Donald Trump's administration is expected to unveil its grandest plan yet to rebuild supply chains of critical minerals needed for everything from jet engines to smartphones, likely through purchase agreements with partners on top of creating a $12 billion U.S. strategic reserve to help counter China's dominance.Vice President JD Vance is set to deliver a keynote address Wednesday at a meeting that Secretary of State Marco Rubio is hosting with officials from several dozen European, Asian and African nations."
"Trump's Republican administration is making such bold moves after China, which controls 70% of the world's rare earths mining and 90% of the processing, choked off the flow of the elements in response to Trump's tariff war. The two superpowers are in a one-year truce after Trump and Chinese President Xi Jinping met in October and agreed to pull back on high tariffs and stepped-up rare earth restrictions.But China's limits remain tighter than they were before Trump took office."
The U.S. will unveil a major plan to rebuild critical minerals supply chains through purchase agreements with partners and a $12 billion strategic reserve. Vice President JD Vance will deliver a keynote at an international meeting hosted by Secretary of State Marco Rubio where the U.S. expects to sign supply-chain logistics deals. Rubio held talks with South Korea and India on mining and processing. Project Vault will stockpile critical minerals funded by a $10 billion Export-Import Bank loan and about $1.67 billion in private capital. China controls large shares of mining and processing, and restrictions remain tighter than before.
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