Project Vault
A $12 billion public-private partnership critical mineral strategic reserve initiative, designed to give American manufacturers flexible, market-driven access to stockpiles of critical minerals as a supply chain shock absorber.
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What creators say
“We wanted everybody to have a safety deposit box in the vault that they could use dynamically according to their needs. So obviously in a moment of crisis, you break the glass, you have access to all of it. But we wanted to build a tool that we lent to — it's fully independent — and it's operated by a fantastic executive chairman who's a veteran of the department of war who's spent his entire career focused on supply chain issues.”
More on what John said about Project Vault Hide
- Good for
- Providing American manufacturers with flexible, bespoke critical mineral reserves to reduce over-reliance on foreign supply chains
- Likes
- Market-driven and demand-driven (not centrally planned), costs nothing to taxpayers, companies pay for their own storage, scalable, dynamic draw-up and draw-down capability
- Compared with
- Explicitly contrasted with the Strategic Petroleum Reserve, which is centralized and government-controlled; Project Vault is decentralized and company-driven
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