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In the first week of February, the Donald Trump administration of the United States unveiled Project Vault, an independently governed and operated public-private partnership aimed at establishing a strategic domestic reserve of critical minerals in the United States. The partnership, backed by $10 billion in financing by the Export-Import Bank of the United States (EXIM) and an additional $2 billion in private funds, aims to store 60 critical minerals listed in the U.S. Geological Survey’s 2025 Critical Minerals List to strengthen the resilience of civilian industries against supply chain disruptions. Under this development model, EXIM provides long-term loans to purchase…
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