US Plans $12 Billion Rare Minerals Stockpile to Cut China Reliance

• The US is set to launch a critical minerals stockpile with an initial funding of $12 billion.
• This initiative aims to reduce Washington's dependence on China for rare earths and other vital resources.
• The project includes $1.7 billion in private capital and a $10 billion loan from the Export-Import Bank of the United States (EXIM).
• The stockpile will secure key minerals for US private sector businesses, including automakers and tech companies.
• Rare-earth metals are essential for manufacturing smartphones, fighter jets, and electric cars, with China currently dominating their supply chain.

Why It Matters: The US is investing $12 billion to build a rare minerals stockpile, aiming to reduce reliance on China.