Glencore partners with Exim Bank to create US strategic critical minerals reserve

Glencore: Glencore is a global mining and commodities trading company focused on sourcing, procuring, and supplying critical minerals and base metals to industrial consumers worldwide. The company has been selected as a cornerstone partner in the VaultCo initiative, where it will leverage its international supply network to help build and stock the US Strategic Critical Minerals Reserve. Exim Bank: The Export-Import Bank of the United States (EXIM) is the official export credit agency that provides financing to support American exports, jobs, and economic security initiatives. EXIM is backing the VaultCo public-private partnership through financing that enables partners like Glencore to source and deliver critical minerals for the new US strategic reserve aimed at strengthening domestic supply chains. Public-Private Model: The initiative combines government financing with private sector expertise to create demand-driven stockpiles guided by manufacturer commitments rather than traditional government forecasting. National Security Focus: Recent policy actions emphasize securing domestic access to critical minerals to reduce reliance on foreign-controlled supply chains and support American manufacturing and technology sectors. Critical Minerals Strategy: The United States has advanced Project Vault, an independently governed public-private partnership, to establish the U.S. Strategic Critical Minerals Reserve and enhance supply chain resilience for essential raw materials.