Ex-Im Bank unveils Project Vault global critical minerals sourcing plan
Updated
Updated · Bloomberg · Apr 30
Ex-Im Bank unveils Project Vault global critical minerals sourcing plan
11 articles · Updated · Bloomberg · Apr 30
The $12 billion stockpiling initiative will initially buy minerals from any country, including China, officials said, with Brian Greeley appearing alongside Glencore and Hartree Partners representatives.
Executives said the programme will later move to a replenishment model that prioritises US production first, then allied nations, with other sources used only as a last resort.
The disclosure offers one of the first public outlines of Project Vault, a US effort to build critical mineral inventories despite current reliance on global supply chains.
Will Project Vault's reliance on global—including Chinese—mineral sourcing undermine its goal of U.S. supply chain security?
Could large-scale mineral stockpiling trigger unintended consequences for innovation, sustainability, or international trade relations?