Glencore partners with U.S. EXIM Bank on strategic minerals reserve
Glencore has been selected by the Trump administration as a founding partner in VaultCo, an initiative aimed at strengthening U.S. critical minerals supply chains through a $500 million commitment from the Export-Import Bank of the United States (U.S. EXIM). The partnership is intended to create a strategic reserve for critical minerals essential to national security and industrial applications. This collaboration aligns with broader efforts by the administration to reduce reliance on foreign mineral supplies, particularly those controlled by China or other geopolitical rivals. Glencore's involvement signals its commitment to supporting U.S.-based supply chain resilience while also positioning itself as a key player in this emerging market segment.
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Topics: critical minerals supply chain security U.S. government partnership