Trump to Launch $12 Billion Critical Mineral Stockpile to Blunt Reliance on China [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Details of the initiative, which would represent a first-of-its-kind stockpile for the US private sector, were described by senior administration officials, who asked not to be identified discussing a plan that has yet to be announced. The effort is akin to the nation's existing emergency oil stockpile. But instead of crude, its focus would be minerals — such as gallium and cobalt — used in products such as iPhones, batteries and jet engines. The stockpile is expected to include both rare earths and critical minerals as well as other strategically important elements that are subject to volatile prices. It represents a major commitment to accumulate minerals deemed critical to the industrial economy — including the automotive, aerospace and energy sectors — and highlights Trump's effort to wean US supply chains from China, the world's dominant provider and processor of critical minerals. The project has participation from more than a dozen companies so
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- Trump Unveils $12 Billion Critical-Minerals Stockpile Plan [Yahoo! Finance]Yahoo! Finance
- Trump to begin stockpiling critical minerals with $12 billion in seed money [FOX Business Network]FOX Business Network
- General Motors' Global Chief Media Officer, Shenan Reed, Joins IAB Tech Lab Board of Directors [Yahoo! Finance]Yahoo! Finance
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