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Rare earth miners jump as Trump is reportedly eyeing mineral stockpile to reduce China dependence
Shares of U.S.-listed rare earth miners jumped Monday after news that President Donald Trump is preparing a sweeping plan to build a strategic stockpile of critical minerals. The proposal, known as Project Vault, would launch a first-of-its-kind strategic critical-minerals stockpile designed for the U.S. private sector, according to Bloomberg news, which cited senior administration officials familiar with the matter. The plan pairs $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank, the outlet said. Trump’s move is aimed at cutting America’s dependence on China for materials ... (full story)
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Breaking | Trump Announces Creation of Critical Mineral Reserve for U.S. Industry, Secured with $10 Billion from Exim Bank and $2 Billion from Private Sector. TRUMP: WE ARE LAUNCHING PROJECT VAULT TODAY. ... TRUMP: EXPECTS TAXPAYERS TO PROFIT FROM THE PROJECT VAULT LOAN
From channelnewsasia.com | Feb 2, 2026
Sediment containing rare earth was retrieved from ocean depths of 6,000m on a Japanese test mission, the government said on Monday (Feb 2), as it seeks to curb dependence on China for the valuable minerals. Japan says the mission was the world's first bid to tap deep-sea rare earths at such a depth. "Details will be analysed, including exactly how much rare ...
President Donald Trump on Monday said a criminal investigation into Federal Reserve Chairman Jerome Powell should continue, shrugging off a Republican senator’s vow to block Trump’s Fed chair replacement pick unless the probe is dropped. U.S. Attorney for Washington Jeanine Pirro, who is leading the unprecedented probe of the central bank chairman, should ...
