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The U.S. administration has unveiled 'Project Vault,' a $12 billion initiative aimed at reducing dependence on Chinese minerals. Introduced by President Trump, the project includes a government-backed strategic reserve for critical minerals and an aggressive mining policy to enhance domestic production by 2027.

The plan involves significant financing, including a $10 billion loan from the Export-Import Bank and private capital, focusing on minerals like cobalt and nickel. The strategy also faces challenges from militant groups in Pakistan and Afghanistan, complicating resource extraction efforts.