"For years America's business has faced the risk of draining mineral resources essential to the interruption on the market. We launched the Archives Project (Project Veult) to ensure that American businesses and workers never suffered damage due to lack of supply), he said in the event at the Oval Office.

The project will incorporate $2 billion of private capital with $10 billion loan from US Importing Bank (EXIM) to purchase and reserve mineral services to cars, technology companies, and other producers.

The U.S. mineral strategic reserve project attracted the interest of many car and technology businesses. CEO General Motors Mary Barra and mineral billionaire Robert Friedland attended the event. They represent producers and businesses using minerals.

Get out! [The machine operates at the rare land mining mine in Mountain Pass, US January 2020. Image: Reuters](htttst i1-kmador.vnecdn.net/2026/02/dam/dem-him-reuts-17428986060-17-5944-13701112039.jpg?w=120&h=0&&q=100&dpt=1&fit=rjrICrCk710 cfffftg)

  • The machine operates at the rare land mining mine in Mountain Pass, USA January 2020. Image: Reuters*

Washington has for some time claimed that China manipulates the price of Kazakhstan, nickel, rare land and other important minerals. These are essential ingredients for the production of electric cars, high-tech weapons and many industrial goods. This situation has held American mining companies back for years, causing Washington to find a way to cope.

U.S. rare and mineral land companies' stock, such as MP Materics and USA Rare Earth Inc, have raised prices in session 2/2, after the news media were about to publish a $12 billion initiative.

Reuters quoted sources in the U.S. government that the goods companies are Hartree Partners, Traxys North America and Mercuria Energy Group will manage the purchase of raw materials for reserves. "Project Veult" was designed to support American auto industry, helping businesses not to take the risks involved in the books. The operating mechanism of the project is similar to the model of Super MGM series membership, which allows purchases in large numbers.

Another goal of the project was to maintain sufficient mineral reserves for 60 days for emergencies. Sources of Reuters indicate that mineral reserves have been conducted.

The U.S. officials are also setting up the program's operating structure. EXIM is more likely to have a seat on the board.