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BumRushDaShow

(166,970 posts)
Tue Feb 3, 2026, 04:15 AM Yesterday

Trump announces creation of critical mineral reserve

Source: Reuters

February 2, 2026 4:43 PM EST Updated 9 hours ago


Feb 2 (Reuters) - U.S. President Donald Trump on Monday announced the creation of a critical mineral reserve.

"Today, we're launching what will be known as Project Vault to ensure that American businesses and workers are never harmed by any shortage," Trump said at the White House.

The initiative will combine $10 billion in EXIM bank financing and $2 billion from the private sector, Trump said.

U.S. Secretary of the Interior Doug Burgum said that 11 additional countries will be announced for the critical minerals trade club this week.

Read more: https://www.reuters.com/business/autos-transportation/trump-announces-creation-critical-mineral-reserve-2026-02-02/



Short article at post time.
9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump announces creation of critical mineral reserve (Original Post) BumRushDaShow Yesterday OP
How much money will he make off of this grift. Irish_Dem Yesterday #1
No doubt other countries can join this bank too AZJonnie Yesterday #2
Trump doesn't even bother to hide most of his crimes. Irish_Dem Yesterday #3
Um lonely bird 21 hrs ago #4
... BumRushDaShow 21 hrs ago #5
True except lonely bird 21 hrs ago #6
You betcha! BumRushDaShow 21 hrs ago #7
Let me guess. Coal, right? Maybe some oil? Bobstandard 17 hrs ago #8
I'm sure it's all on the up and up. nt eppur_se_muova 12 hrs ago #9

Irish_Dem

(80,375 posts)
1. How much money will he make off of this grift.
Tue Feb 3, 2026, 04:16 AM
Yesterday

Nothing he does will help the American people.

AZJonnie

(3,146 posts)
2. No doubt other countries can join this bank too
Tue Feb 3, 2026, 04:34 AM
Yesterday

All they have to do is send $1,000,000,000 to this numbered account in Abu Dhabi, and in two weeks, they'll be reaping the incredible benefits!

Irish_Dem

(80,375 posts)
3. Trump doesn't even bother to hide most of his crimes.
Tue Feb 3, 2026, 04:36 AM
Yesterday

Though some are so bad even he has to hide them.

lonely bird

(2,815 posts)
4. Um
Tue Feb 3, 2026, 08:17 AM
21 hrs ago

Where will he be getting this massive amount of rare earths? China ain’t gonna sell that much to us. The deteriorating relationship with Canada will negatively impact getting more from them.

lonely bird

(2,815 posts)
6. True except
Tue Feb 3, 2026, 08:29 AM
21 hrs ago

The costs will still be very high. We already have more reserves than Greenland but not by much. Due to the poor relationship with China we would be better off attempting to enter into a deal with Vietnam and Australia.

BumRushDaShow

(166,970 posts)
7. You betcha!
Tue Feb 3, 2026, 08:32 AM
21 hrs ago

Just like the high costs to renovate Venezuela's dilapidated oil refineries and construct new wells there as "promised" by 45 on behalf of the oil companies (who don't want to bother).

Bobstandard

(2,199 posts)
8. Let me guess. Coal, right? Maybe some oil?
Tue Feb 3, 2026, 12:31 PM
17 hrs ago

“What? Nobody wants to buy your coal? Tell you what, I’ll buy it for the “strategic reserve’ if you give me ‘a little taste’.”

eppur_se_muova

(41,237 posts)
9. I'm sure it's all on the up and up. nt
Tue Feb 3, 2026, 05:36 PM
12 hrs ago


Amazing how we've managed to do without this for a couple of centuries, but now suddenly it "needs doin'".
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