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Trump administration to launch 'Project Vault'-a $12 billion stockpile of rare earth elements

The U.S. will deploy nearly $12 billion to build a strategic rare-earth reserve to reduce dependence on China’s dominant mining and processing capabilities.

fromThe Local Germany

2 months ago

Inside Germany's rare earth treasure chest

In a World War II bunker east of Frankfurt, a steel door weighing over four tonnes protects Germany's largest reserve of rare earths, a treasure at the heart of rising geopolitical tensions. The exact location of the bunker is confidential and the site is under close video surveillance. This is where Tradium, a German company specialised in trading rare earths, keeps thousands of barrels of the precious materials - almost all from China, the world's biggest producer.

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Trump administration to launch 'Project Vault'-a $12 billion stockpile of rare earth elements

Inside Germany's rare earth treasure chest

#china-supply-dominance
#china-supply-dominance