Seeking to blunt China’s dominance over critical minerals that underpin hi-tech manufacturing, the administration of US President Donald Trump is rolling out a slate of measures this week aimed at reducing US reliance on Beijing.
A White House official has confirmed to the South China Morning Post that Trump will be launching a US$12 billion public-private initiative to build a large commercial stockpile of critical minerals titled “Project Vault”.
The project is being billed as a strategic…