00:00Today, we're announcing the creation of the U.S. Strategic Critical Minerals Reserve.
00:07With a $12 billion investment, Donald Trump announced the launch of Project Vault to create
00:14a strategic reserve of rare minerals, reflecting growing concern in Washington over supply chain
00:21disruptions and heavy reliance on external sources for materials that have become vital
00:27to U.S. industry.
00:28The first ever stockpile of critical minerals.
00:33But what are these minerals that have suddenly turned into a political and economic priority?
00:39Rare minerals are key elements at the heart of modern technology, from smartphones and
00:45batteries to electric vehicles, wind turbines, and even advanced military industries.
00:52Despite their name, they are not rare in a literal sense.
00:55Their scarcity lies in the difficulty of extracting and processing them, as they require precise
01:02and costly technologies to separate them from other minerals, making their security no less
01:09critical than maintaining strategic reserves of oil or gas.
01:13And nobody can stop their strides.
01:19But that's a great outcome of this.
01:19That's correct.
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