Trump’s $12B rare earth plan targets China as experts warn US is ‘one crisis away’
Fox News
President Donald Trump's $12 billion Project Vault aims to create a Strategic Petroleum Reserve equivalent for rare earth elements, reducing U.S. dependence on China.
Charles Creitz is a reporter for Fox News Digital.
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. He joined Fox News in 2013 as a writer and production assistant.
"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." Charles covers media, politics and culture for Fox News Digital.
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