Trump administration to unveil $12 billion push to curb China’s grip on critical minerals

South China Morning PostCenter-RightEN 1 min read 100% complete by Khushboo RazdanFebruary 2, 2026 at 04:33 PM

AI Summary

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The Trump administration is launching "Project Vault," a $12 billion public-private initiative to reduce U.S. reliance on China for critical minerals. The project aims to create a large commercial stockpile to protect U.S. manufacturers from supply disruptions and price volatility of materials essential for electric vehicles, semiconductors, and other high-tech products. Anchored by a $10 billion loan from the US Export-Import Bank, the initiative also includes $1.67 billion in private capital from companies like General Motors, Stellantis, Boeing, Corning, GE Vernova and Alphabet’s Google. Project Vault is designed as a strategic reserve to ensure continuous production, marking the first commercial-scale strategic mineral reserve in the U.S.

Key Entities & Roles

Key Player Opposition Context

Corning 40% GE Vernova 40% South China Morning Post 40% Stellantis 50% General Motors 50% Boeing 50% US Export-Import Bank 60% White House 60% Project Vault ×370% Donald Trump ×280% United States ×390% China ×3100%

Keywords

critical minerals 100% china dominance 90% project vault 80% strategic reserve 70% supply chain 70% hi-tech manufacturing 60% us export-import bank 60% semiconductors 50% electric vehicles 50% price volatility 40%

Sentiment Analysis

Positive

Score: 0.20

Source Transparency

Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

China

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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critical minerals china dominance project vault strategic reserve supply chain hi-tech manufacturing us export-import bank semiconductors electric vehicles price volatility

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