Feb. 2 at 6:30 PM
$ELBM $TMC $MP Project Vault is a newly unveiled initiative designed to create a "Strategic Petroleum Reserve" for critical minerals rather than oil. Its goal is to insulate U.S. manufacturers from supply chain disruptions and reduce reliance on foreign sources, particularly China.
• Total Funding:
$12 billion (
$10 billion loan from the U.S. Export-Import Bank +
$1.67 billion in private capital).
• The "Cobalt" Connection: Cobalt is one of the primary minerals being targeted for this "Vault." It is essential for:
• Electric Vehicle (EV) Batteries (lithium-ion chemistry).
• Smartphones and Laptops (power management and batteries).
• Aerospace & Defense (jet engines and high-strength alloys).
• Participating Giants: Several major tech and industrial companies have reportedly signed on to participate or provide purchase commitments, including Google (Alphabet), Boeing, General Motors, and Stellantis.
