China’s stranglehold on critical minerals is now a national crisis
In the 1970s, when OPEC halted oil shipments to the United States, Congress established a “Strategic Petroleum Reserve.” It was an emergency measure to stockpile oil against a future crisis. Now, 50 years later, the United States is building a new strategic reserve. With China repeatedly threatening to halt exports of rare earth metals, the Trump administration has launched “Project Vault”—a $12 billion plan to stockpile critical minerals ahead of potential shortages. Much like the 1970s oil reserve, this “vault” will store key metals and minerals to blunt future supply ...