What is Project Vault and the U.S. Strategic Critical Minerals Reserve?
The Export-Import Bank of the United States (EXIM), announced it had approved long-term financing ofup to $10 billion to Project Vault-a supply chain security initiative establishing the U.S. Strategic Critical Minerals Reserve, an independently governed public-private partnership that will store essential raw materials in facilities across the United States.
Project Vault ("VaultCo") is a partnership between original equipment manufacturers and private sector capital providers. This structure delivers a net positive return for U.S. taxpayers while ensuring manufacturers across America have stable access to critical raw materials during periods of market disruption.
Project Vault is designed to support domestic manufacturers from supply shocks, support U.S. production and processing of critical raw materials, and strengthen America's critical minerals sector.
This initiative advances longstanding U.S. economic and national-security objectives by reducing dependence on foreign-controlled supply chains, strengthening the domestic industrial base, and ensuring uninterrupted access to materials essential for advanced manufacturing and critical technologies. It delivers on EXIM's mandate to support American jobs and bolster U.S. economic security through strategic financing that mitigates supply-chain vulnerabilities.
The U.S. Strategic Critical Minerals Reserve will help manufacturers in the United States compete, grow, and lead globally while creating jobs domestically, strengthening our economy, and advancing the national interest.