The United States president has announced a $12 billion initiative to build a strategic stockpile of critical minerals aimed at reducing dependence on foreign suppliers and strengthening national security. The plan focuses on minerals essential for clean energy defense manufacturing and advanced technology industries sectors where global competition has intensified.
Officials said the stockpile will include lithium cobalt rare earth elements and other materials vital to battery production and electronics. The initiative is designed to counter supply chain vulnerabilities and limit strategic leverage held by dominant producers. International partners have been briefed on the plan with some welcoming opportunities for cooperation in mining and processing.
Economists note that the move reflects a broader shift toward resource security among major economies. Critics caution about environmental and cost concerns associated with mineral extraction while supporters argue the investment is necessary for long term resilience. The policy is expected to influence global markets and reshape geopolitical competition over strategic resources.
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