“To enhance access to critical minerals, the United States will establish a system to set minimum prices for these minerals,” U.S. Vice President J.D. Vance announced today at a conference attended by more than 50 countries.
“The United States has proposed establishing a biominerals trade bloc, and many countries are already participating in this plan,” Vance said.
strategic stocks
The meeting came after President Donald Trump recently launched the “Bolt” project, which aims to build strategic reserves of critical minerals, with an initial loan of $10 billion from the U.S. Export-Import Bank, in addition to $2 billion in private funding.
The initiative aims to support production and long-term investment in critical minerals used in advanced industries such as energy, technology and defense, while reducing dependence on China, particularly for rare earth metals.
In a meeting with representatives from more than 50 countries aimed at strengthening access to critical minerals, U.S. Vice President J.D. Vance announced today that the United States will establish a system to set minimum prices for these minerals.
“The United States is proposing the creation of a critical minerals trade bloc, and several countries are already participating in this initiative,” Vance said.
strategic stockpile
The meeting comes after President Donald Trump recently launched the “Vault” project, which aims to build a strategic stockpile of critical minerals, with an initial injection of $10 billion from the U.S. Export-Import Bank, in addition to $2 billion in private funds.
The initiative aims to support production and long-term investment in critical minerals used in advanced industries such as energy, technology and defense, while reducing dependence on China, particularly for rare earth minerals.
