Diplomacy

Trump announces $12B initiative to stockpile critical minerals amid China rivalry

Trump announces $12B initiative to stockpile critical minerals amid China rivalry
by
February 16, 2026
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Trump announces $12B initiative to stockpile critical minerals amid China rivalry

A U.S. initiative announced by President Trump would combine private funding with EXIM Bank financing to acquire and stockpile critical minerals for industrial users. The move highlights intensifying policy competition over mineral supply chains and domestic security-of-supply strategies tied to manufacturing and technology.

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