Foreign media: Trump plans to launch a $12 billion strategic critical mineral reserve project, funded by the U.S. Export-Import Bank. The project aims to counter China's advantage in key minerals such as lithium, nickel, and rare earths, which are crucial for electric vehicles and high-tech weapons.
The project, named "Project Vault," will combine private funding and a $1 billion loan from the Export-Import Bank to stockpile minerals for automakers, tech companies, and others. The project also plans to establish a 60-day emergency mineral supply reserve and attract multiple U.S. auto and tech companies to participate.
Original article: toutiao.com/article/1856026637291524/
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