00:00U.S. President Donald Trump has announced plans to create a strategic stockpile of critical minerals
00:06worth around 12 billion U.S. dollars. The initiative, called Project Vault,
00:11includes 10 billion dollars in funding from the U.S. Export-Import Bank
00:15with additional investment from the private sector.
00:19The stockpile is designed to protect American businesses from supply disruptions
00:23that have threatened access to essential minerals for years.
00:27Officials said it will help prevent shortages that could hurt U.S. workers and manufacturers.
00:32Washington has sought to counter what it calls price manipulation by China
00:36in markets for lithium nickel, rare earth elements, and other critical minerals.
00:41These materials are vital for electric vehicles, advanced weapons, and a wide range of manufactured goods.
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