Will Washington’s $12bn Project Vault launch a minerals hoarding race?

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Why This Matters

The US government's $12 billion Project Vault aims to stockpile critical minerals, potentially sparking a 'minerals hoarding race' among Western nations, contradicting a multilateral approach to reducing dependence on China.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Stockpiling runs counter to a multilateral approach as western nations race to reduce dependence on China, warn analysts

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Full article on Financial Times
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Original article published by Financial Times on February 10, 2026.
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