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President Trump has announced the launch of Project Vault, a $12 billion initiative to establish a critical minerals reserve aimed at reducing U.S. dependence on foreign sources, particularly China. The initiative, supported by a $10 billion loan from the U.S.

Export-Import Bank and contributions from major companies like General Motors and Boeing, will focus on securing essential minerals such as lithium and nickel for electric vehicles and advanced technology. The project seeks to stabilize supply chains and mitigate price volatility in the market for these strategic resources.