Project Vault Fails to Fix US Minerals Weakness
February 16, 2026·8 days ago·via mining-journal.com
Trump's bold Project Vault, a $12 billion push via the Export-Import Bank to stockpile critical minerals, draws fire from analysts who say it doesn't tackle America's deep structural vulnerabilities in rare earths and processing. Wood Mackenzie warns the initiative risks becoming mere warehousing without synced refining and magnet production to counter China's dominance.
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