Trump’s $12 billion Project Vault aims at China in the fight over essential minerals
Exclusive: Experts in the industry caution that the U.S. is “one more crisis away” from losing critical access to rare earth elements, essential for everything from fighter jets to electric vehicles. In response, President Donald Trump has launched a $12 billion initiative called Project Vault to alleviate this risk. This project, which includes $1.67 billion […]
Legislature approves measure to assist Trump in competition for essential minerals against China
House Advances Bill to Boost Domestic Mining On Wednesday, House lawmakers made strides to solidify several executive orders from President Trump focused on expanding domestic mining operations on federal land. The House of Representatives passed the Critical Minerals Control Act with a vote of 224-195, which instructs Secretary of the Interior Doug Burgum to identify […]
Trump plans to create a $12 billion stockpile of essential minerals.
Trump Initiates $12 Billion Strategic Minerals Reserve President Donald Trump is set to invest $12 billion in the establishment of a Strategic Minerals Reserve, aimed at shielding U.S. manufacturing from supply disruptions and decreasing reliance on Chinese rare earth minerals. The initiative, referred to as Project Vault, will utilize $1.67 billion from private investments alongside […]
US shifts away from establishing minimum prices for key minerals
Stock image. The Trump administration is stepping back from its plan to guarantee minimum prices for essential U.S. mineral projects. This change appears to acknowledge the lack of funding from Congress and the difficulties involved in determining market prices, according to multiple sources. This decision comes as a U.S. Senate committee looks at the price […]
Bessent Criticizes Biden’s ‘Muppets’ Over Rare Earth Minerals Crisis
Treasury Secretary Scott Bessent has expressed frustration over what he refers to as “Muppets” within President Biden’s administration who have criticized the Trump presidency, particularly in relation to China’s hold on the rare earth minerals supply chain. The Supreme Court is currently deliberating on Trump’s authority to impose tariffs under the International Emergency Economic Powers […]
Trump administration considers Venezuela’s minerals after Nicolás Maduro’s capture
Concerns Surround U.S. Interest in Venezuela’s Mineral Reserves The renewed focus from the Trump administration on Venezuela’s mineral resources raises “serious risks,” according to an expert on illegal economies, following Nicolás Maduro’s recent capture. Just a day after U.S. forces detained President Maduro in Caracas, officials from the Trump administration highlighted the country’s rich mineral […]
Fresh Discovery of Important Minerals Provides U.S. Leverage in Trade Conflict – Current Crude Oil Prices
New Geological Discovery Boosts Domestic Mineral Supply Chains The competition to secure local supply chains for essential minerals gained momentum last week after a significant geological discovery was reported in the western United States. A mining firm based in Utah has pinpointed deposits that exhibit unique geological traits typical of valuable mineral sources. This advancement […]
Miners Find Huge Source of Rare Earth Minerals in Utah
Potentially Game-Changing Discovery in Utah A mineral production company based in Utah has uncovered a significant trove of 16 rare earth elements and essential minerals in the Silicon Ridge area. This finding could substantially lessen the United States’ reliance on China for critical metals necessary for high-tech manufacturing. Ionic Mineral Technologies, which focuses on producing […]
Silver Price Outlook: XAG/USD moves upward with increasing demand and US critical minerals listing
Silver Prices on the Rise Silver prices (XAG/USD) have climbed to around $63.75, with expectations that they may approach all-time highs during the Asian trading hours on Friday. The increase in prices can be attributed to a mix of heightened industrial demand, a weaker US dollar, and silver being placed on the US list of […]
Utah Company Finds Valuable Resources That Could Break China’s Control Over Essential Minerals
Rare Earth Minerals Found in Utah A company based in Utah has uncovered rare earth minerals that could help the United States reduce its reliance on China for essential resources, according to a recent report. Ionic Mineral Technologies has discovered a variety of minerals in clay on its leased land, particularly useful for lithium-ion batteries. […]