Trump Launches $12 Billion Minerals Vault to Reduce US Dependence on China

Former US President Donald Trump has announced the launch of a $12 billion strategic minerals vault aimed at reducing America’s reliance on China for critical mineral supplies. The initiative is positioned as a national security and industrial policy measure focused on securing long-term access to key raw materials essential for manufacturing, defence, and advanced technologies.

The proposed minerals vault will stockpile critical and strategic minerals such as rare earth elements, lithium, cobalt, and other inputs vital for electronics, renewable energy systems, electric vehicles, and military hardware. The plan also includes incentives to boost domestic mining, processing, and refining capacity, alongside partnerships with allied countries to diversify supply chains.

Trump said the initiative is designed to protect US industries from supply disruptions and geopolitical risks, while strengthening domestic production and employment. Analysts say the move reflects intensifying global competition over critical minerals and growing concerns in Washington over China’s dominant position in mining and processing.

The announcement comes amid broader efforts by major economies to secure mineral resources as demand surges due to energy transition goals and technological expansion.