Trump’s $12B rare earth plan targets China as experts warn US is ‘one crisis away’
Be honest—this is ridiculous.
EXCLUSIVE: Industry experts warn the United States is "one crisis away" from losing access to the rare earth elements that power everything from fighter jets to electric vehicles — a vulnerability President Donald Trump’s new $12 billion "Project Vault" aims to address.
The initiative, backed by $1.67 billion in private seed money and a $10 billion loan from the Export-Import Bank, would create a federally supported stockpile of rare earth elements and other critical minerals. The U.S. currently imports much of those materials from China.
Executives from Graphite One, one of the country’s largest critical mineral developers, told Fox News Digital the effort could mark a turning point in the battle over China’s dominance of global supply chains.
"The Chinese are willing to weaponize access to … semiconductor materials like gallium and uranium," Graphite One advisor Dan McGroarty said. "Then they turn off the tap and sort things out, give us a one-year reprieve, you know, it’s a leash and they can yank that leash anytime they want."
TRUMP SAYS 'YOU’LL SEE' WHEN ASKED HOW FAR HE’LL GO ON GREENLAND TAKEOVER
CEO Anthony Huston compared the concept to the Strategic Petroleum Reserve, established after the 1970s oil crisis to safeguard U.S. energy security, arguing that critical minerals now play a similarly vital role in powering modern defense systems, advanced electronics and electric vehicles.
"For years, American businesses have risked running out of critical minerals during market disruptions… Project Vault [will] ensure that American businesses and workers are never harmed by any shortage," Trump said in his announcement last month.
Graphite One recently made news with its "truly generational" Graphite Creek site in Alaska, which is the U.S.’ largest asset of that particular critical mineral, in Huston’s words.
As of 2024, the U.S. was at least 93% import-dependent on rare earth elements and graphite, according to the International Energy Agency, and remains heavily reliant on foreign suppliers for dozens of other critical minerals.
TRUMP KNOWS GOOD REAL ESTATE — AND HE KNOWS GREENLAND'S VALUE TO NATIONAL SECURITY
"The United States really relies on China and Africa for graphite. China, as we understand, is our adversary," Huston said.
A buried lede in the Project Vault news, he added, is a little-reported counter-terror aspect.
Huston said some African mineral deposits, including in parts of Mozambique, are located in areas where ISIS-linked groups have operated. By onshoring development of critical minerals, the U.S. will not only work to unseat …
Be honest—this is ridiculous.
EXCLUSIVE: Industry experts warn the United States is "one crisis away" from losing access to the rare earth elements that power everything from fighter jets to electric vehicles — a vulnerability President Donald Trump’s new $12 billion "Project Vault" aims to address.
The initiative, backed by $1.67 billion in private seed money and a $10 billion loan from the Export-Import Bank, would create a federally supported stockpile of rare earth elements and other critical minerals. The U.S. currently imports much of those materials from China.
Executives from Graphite One, one of the country’s largest critical mineral developers, told Fox News Digital the effort could mark a turning point in the battle over China’s dominance of global supply chains.
"The Chinese are willing to weaponize access to … semiconductor materials like gallium and uranium," Graphite One advisor Dan McGroarty said. "Then they turn off the tap and sort things out, give us a one-year reprieve, you know, it’s a leash and they can yank that leash anytime they want."
TRUMP SAYS 'YOU’LL SEE' WHEN ASKED HOW FAR HE’LL GO ON GREENLAND TAKEOVER
CEO Anthony Huston compared the concept to the Strategic Petroleum Reserve, established after the 1970s oil crisis to safeguard U.S. energy security, arguing that critical minerals now play a similarly vital role in powering modern defense systems, advanced electronics and electric vehicles.
"For years, American businesses have risked running out of critical minerals during market disruptions… Project Vault [will] ensure that American businesses and workers are never harmed by any shortage," Trump said in his announcement last month.
Graphite One recently made news with its "truly generational" Graphite Creek site in Alaska, which is the U.S.’ largest asset of that particular critical mineral, in Huston’s words.
As of 2024, the U.S. was at least 93% import-dependent on rare earth elements and graphite, according to the International Energy Agency, and remains heavily reliant on foreign suppliers for dozens of other critical minerals.
TRUMP KNOWS GOOD REAL ESTATE — AND HE KNOWS GREENLAND'S VALUE TO NATIONAL SECURITY
"The United States really relies on China and Africa for graphite. China, as we understand, is our adversary," Huston said.
A buried lede in the Project Vault news, he added, is a little-reported counter-terror aspect.
Huston said some African mineral deposits, including in parts of Mozambique, are located in areas where ISIS-linked groups have operated. By onshoring development of critical minerals, the U.S. will not only work to unseat …
Trump’s $12B rare earth plan targets China as experts warn US is ‘one crisis away’
Be honest—this is ridiculous.
EXCLUSIVE: Industry experts warn the United States is "one crisis away" from losing access to the rare earth elements that power everything from fighter jets to electric vehicles — a vulnerability President Donald Trump’s new $12 billion "Project Vault" aims to address.
The initiative, backed by $1.67 billion in private seed money and a $10 billion loan from the Export-Import Bank, would create a federally supported stockpile of rare earth elements and other critical minerals. The U.S. currently imports much of those materials from China.
Executives from Graphite One, one of the country’s largest critical mineral developers, told Fox News Digital the effort could mark a turning point in the battle over China’s dominance of global supply chains.
"The Chinese are willing to weaponize access to … semiconductor materials like gallium and uranium," Graphite One advisor Dan McGroarty said. "Then they turn off the tap and sort things out, give us a one-year reprieve, you know, it’s a leash and they can yank that leash anytime they want."
TRUMP SAYS 'YOU’LL SEE' WHEN ASKED HOW FAR HE’LL GO ON GREENLAND TAKEOVER
CEO Anthony Huston compared the concept to the Strategic Petroleum Reserve, established after the 1970s oil crisis to safeguard U.S. energy security, arguing that critical minerals now play a similarly vital role in powering modern defense systems, advanced electronics and electric vehicles.
"For years, American businesses have risked running out of critical minerals during market disruptions… Project Vault [will] ensure that American businesses and workers are never harmed by any shortage," Trump said in his announcement last month.
Graphite One recently made news with its "truly generational" Graphite Creek site in Alaska, which is the U.S.’ largest asset of that particular critical mineral, in Huston’s words.
As of 2024, the U.S. was at least 93% import-dependent on rare earth elements and graphite, according to the International Energy Agency, and remains heavily reliant on foreign suppliers for dozens of other critical minerals.
TRUMP KNOWS GOOD REAL ESTATE — AND HE KNOWS GREENLAND'S VALUE TO NATIONAL SECURITY
"The United States really relies on China and Africa for graphite. China, as we understand, is our adversary," Huston said.
A buried lede in the Project Vault news, he added, is a little-reported counter-terror aspect.
Huston said some African mineral deposits, including in parts of Mozambique, are located in areas where ISIS-linked groups have operated. By onshoring development of critical minerals, the U.S. will not only work to unseat …
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